Mortgage payment estimates, closing cost breakdowns, and homebuying data for Spokane, Washington.
Pre-filled with Spokane median home price and Washington tax/insurance rates. Adjust for your property.
Estimated closing costs based on Washington rates and fees applied to Spokane prices.
The median home price in Spokane is $365,000, 37% below the Washington state median of $580,000. With a population of 228,989, Spokane is a mid-size city where home prices tend to be more accessible than in many parts of Washington.
Property taxes in Washington average 0.98% annually. This moderate property tax rate means a $365,000 home in Spokane would carry roughly $298/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Spokane is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Spokane presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.