Home Affordability in Spokane County, WA
A typical home in Spokane County is worth $422,402, up 0.2% year over year. The effective property tax rate is 0.86% of value, and the 2026 conforming loan limit here is $832,750 — borrow more than that and you need a jumbo loan.
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Assumes housing costs stay at 33% of gross income — the sustainable middle, not the maximum a lender would approve. A typical home in Spokane County costs $422,402. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income buys here
| Household income | Conventional | VA | Zero-down CU | FHA |
|---|---|---|---|---|
| $75,000 | $324,000 | $268,000 | $246,000 | $262,000 |
| $100,000 | $441,000 | $365,000 | $335,000 | $357,000 |
| $125,000 | $558,000 | $462,000 | $424,000 | $452,000 |
| $150,000 | $675,000 | $559,000 | $513,000 | $546,000 |
| $200,000 | $909,000 | $752,000 | $690,000 | $735,000 |
Conventional assumes 20% down. VA and credit-union 100% financing assume zero down with the funding fee financed into the loan; FHA assumes 3.5% down with mortgage insurance for the life of the loan. All hold housing at 33% of gross income and cap total debt at the program’s underwriting limit.
Towns in Spokane County
| Town | Typical home | Year over year | Income needed | |
|---|---|---|---|---|
| Spokane | $396,121 | -0.3% | $90,000 | Details |
| Spokane Valley | $410,897 | +0.4% | $93,000 | Details |
| Cheney | $418,750 | -0.5% | $95,000 | Details |
| Deer Park | $465,282 | +0.4% | $105,000 | Details |
| Liberty Lake | $564,561 | +1% | $126,000 | Details |
| Colbert | $596,614 | +0.3% | $133,000 | Details |
| Mead | $514,406 | +1.3% | $116,000 | Details |
| Medical Lake | $425,087 | +1.5% | $97,000 | Details |
| Nine Mile Falls | $547,176 | 0% | $123,000 | Details |
| Airway Heights | $370,987 | +0.2% | $85,000 | Details |
| Newman Lake | $509,289 | +1.9% | $115,000 | Details |
| Chattaroy | $587,372 | +0.4% | $131,000 | Details |
| Elk | $493,692 | +0.7% | $111,000 | Details |
| Otis Orchards-East Farms | $467,541 | +1.5% | $106,000 | Details |
| Valleyford | $684,730 | +0.1% | $152,000 | Details |
| Millwood | $362,070 | +1.2% | $83,000 | Details |
| Rockford | $416,957 | +2% | $95,000 | Details |
| Mica | $713,628 | +0.9% | $158,000 | Details |
| Spangle | $580,224 | +1.3% | $130,000 | Details |
| Latah | $345,935 | +1.1% | $80,000 | Details |
| Fairfield | $300,600 | +1.5% | $70,000 | Details |
The cheapest places in the county are Fairfield ($301K), Latah ($346K), Millwood ($362K).
How the zero-down math actually works
Putting nothing down does not simply move the down payment to zero — it costs you twice. Zero-down programs price above conventional, and they finance a funding fee into the balance, so you start out owing more than the house cost. In Spokane County that difference is worth roughly $163K of purchasing power at a $150,000 income.
The exception is the VA loan. If anyone on the loan is Active Duty, Reserve, or a Veteran, it prices below conventional and charges no mortgage insurance — and the funding fee is waived entirely with any VA disability rating. It is almost always the cheapest zero-down option, and it is worth about $46K more house than a credit-union 100% loan here.