Investor market data · Washington

Spokane, WA Rental Market for Investors

An estimated 59% of Spokane's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 2026.

See what pencils →Run a DSCR

$459,990Median list price1,315 active listings

$43,665Median STR revenue / yrprojected, gross

Homes in Spokane that pencil right now

A sample of active Spokane listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of August 2026.

$145,000DSCR 1.27
1 bed · 1 bath · 534 sqft
Condo in 99204 · built 1927
STR revenue
$25,017/yr
Est. interest-only payment
$1,317/mo
On the market 214 days · Listed by Windermere/Manito
Scout this home & market: 1-bed condo in Spokane
$195,000DSCR 1.62
2 bed · 2 bath · 1,522 sqft
House in 99205 · built 1902
STR revenue
$28,944/yr
Est. interest-only payment
$1,193/mo
On the market 26 days · Listed by Exp Realty, Llc
Scout this home & market: 2-bed house in Spokane
$215,000DSCR 1.70
2 bed · 2 bath · 1,026 sqft
Condo in 99204 · built 1980
STR revenue
$33,924/yr
Est. interest-only payment
$1,331/mo
On the market 23 days · Listed by eXp Realty, LLC Branch
Scout this home & market: 2-bed condo in Spokane
$270,000DSCR 1.72
3 bed · 1 bath · 1,076 sqft
House in 99202 · built 1900
STR revenue
$40,258/yr
Est. interest-only payment
$1,563/mo
On the market 86 days · Listed by Lt Real Estate
Scout this home & market: 3-bed house in Spokane
$300,000DSCR 1.46
3 bed · 2 bath · 1,632 sqft
House in 99205 · built 1937
STR revenue
$39,044/yr
Est. interest-only payment
$1,779/mo
On the market 16 days · Listed by Redfin
Scout this home & market: 3-bed house in Spokane
$325,000DSCR 1.46
4 bed · 2 bath · 1,801 sqft
House in 99201 · built 1906
STR revenue
$40,779/yr
Est. interest-only payment
$1,866/mo
On the market 5 days · Listed by REAL Broker LLC
Scout this home & market: 4-bed house in Spokane
$364,000DSCR 1.68
4 bed · 2 bath · 1,768 sqft
House in 99205 · built 1952
STR revenue
$53,764/yr
Est. interest-only payment
$2,131/mo
On the market 22 days · Listed by Exp Realty, Llc
Scout this home & market: 4-bed house in Spokane
$425,000DSCR 1.27
3 bed · 1 bath · 2,157 sqft
House in 99203 · built 1933
STR revenue
$44,849/yr
Est. interest-only payment
$2,348/mo
On the market 34 days · Listed by Keller Williams Spokane - Main
Scout this home & market: 3-bed house in Spokane
$515,000DSCR 1.36
5 bed · 3 bath · 2,692 sqft
House in 99218 · built 1968
STR revenue
$63,917/yr
Est. interest-only payment
$3,122/mo
On the market 51 days · Listed by Windermere North
Scout this home & market: 5-bed house in Spokane

Ask about Spokane deals →Run any address yourself

As of August 2026, we analyzed 1,315 active for-sale homes in Spokane, Washington. The typical listing is priced at $459,990 and is projected to generate about $43,665 a year as a short-term rental.

After setting aside an estimated 20% for operating costs, an estimated 58.6% of those homes could still cover an investor mortgage payment on short-term-rental income — roughly in line with the 52.5% median across the 200 major metros we track, ranking Spokane #74 of 200 for cash-flow potential.

On market momentum: homes in Spokane sit a median of 48 days on the market, and 33% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.

For a DSCR loan — which qualifies on the property's rental income rather than your personal income — that's a relatively healthy setup: in Spokane, a meaningful share of listings throw off enough short-term-rental income, after costs, to cover an estimated investor mortgage payment.

What actually works in Spokane

Spokane works for investors, but the window is specific: 270 of the 1,002 Spokane homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $486,000.

Share of those listings clearing an DSCR of 1.25, by price and bedroom count. The smaller figure is the median DSCR for that group.
Price	1 bed	2 bed	3 bed	4 bed	5 bed
$150k–$250k	64%1.29	75%1.41	80%1.58	—	—
$250k–$350k	0%0.94	15%1.09	42%1.21	61%1.34	—
$350k–$500k	—	0%0.83	16%1.03	54%1.27	96%1.57
$500k+	—	0%0.53	0%0.69	4%0.82	11%0.97

Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.

Spokane in full

Active for-sale homes analyzed	1,315
Median list price	$459,990
Median projected STR revenue (annual, gross)	$43,665
Median average daily rate (ADR)	$207
Median occupancy	57%
Median beds	4
Median size	2,184 sqft
Estimated cash-flow-positive share	58.6%
Median days on market	48 days
New listings (last 30 days)	32.5% of active