Can You Afford a Home in Spokane Valley, WA?
A typical home in Spokane Valley is worth $410,897, up 0.4% over the past year. That is $12K below the Spokane County typical of $422,402.
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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 Valley costs $410,897. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income level buys in Spokane County
Prices below are what keeps housing at 33% of gross income, using Spokane County’s 0.86% effective property tax rate. The Conventional column assumes 20% down; the zero-down columns finance the funding fee into the loan.
| 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 |
How Spokane Valley compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Millwood | $362,070 | +1.2% | $83,000 |
| Airway Heights | $370,987 | +0.2% | $85,000 |
| Spokane | $396,121 | -0.3% | $90,000 |
| Spokane Valley (this page) | $410,897 | +0.4% | $93,000 |
| Rockford | $416,957 | +2% | $95,000 |
| Cheney | $418,750 | -0.5% | $95,000 |
| Medical Lake | $425,087 | +1.5% | $97,000 |
If Spokane Valley is out of reach, Millwood, Airway Heights, Spokane sit lower in the same county — same commute shed, same schools district-by-district, less money.
What this does not tell you
These are typical values, not listings. Half the homes in Spokane Valley sell for less than $410,897, and condos and townhomes sit well below it. Property tax is a county-wide effective rate, so your parcel will differ. Insurance is a state average. Run your own numbers with your own quote before you take any of this as settled.