Spokane-Spokane Valley Metro Area

Rental Property Analysis in Spokane, Washington

Find the most profitable long-term rental properties in Spokane. Analyze any zip code and instantly discover the top 20 deals ranked by Cash-on-Cash return.

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Spokane Rental Market Overview

Key statistics for real estate investors in the Spokane-Spokane Valley area

590,000

Metro Population

$380,000

Median Home Price

$1,400

Average Rent

7-9%

Avg Cash-on-Cash

Why Invest in Spokane Rental Properties?

No state income tax

More affordable than Seattle

Healthcare sector growing

Gonzaga University drives rental demand

Outdoor recreation attracts residents

Current Market Trends

Seattle migration driving demand

Liberty Lake showing appreciation

Healthcare employment expanding

Student housing near Gonzaga stable

Popular Investment Areas in Spokane

These neighborhoods are frequently analyzed by investors for long-term rental opportunities

Spokane Valley

Liberty Lake

Cheney

Medical Lake

Airway Heights

Mead

Top Zip Codes to Analyze in Spokane

Enter any of these zip codes in Smart Rental Investor to find profitable deals

99206

99019

99004

99022

99001

99021

How to Find Profitable Rentals in Spokane

Smart Rental Investor makes it easy to analyze the Spokane market

Enter a Spokane Zip Code

Type any WA zip code to scan the entire market

Set Your Criteria

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Analyze & Export

Review 12+ metrics and export to CSV

Metrics Calculated for Every Spokane Property

Cash-on-Cash Return

Cap Rate

Monthly Cash Flow

Total ROI

Gross Rent Multiplier

Debt Service Coverage

Break-Even Ratio

Price per Sq Ft

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