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Spokane Valley, WA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,529
Monthly Cash Flow
-$837
Principal + Equity
$3,391
Annual Total Gain
$30,647
Cash on Cash
-9.83%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$153
Occupancy Rate
61.11%
Monthly Revenue
$2,100
Monthly Cash Flow
-$582
Principal + Equity
$3,391
Annual Total Gain
$33,714
Cash on Cash %
-6.83%
Net ROI %
Market Health & Growth
Median Income
$70,722
Population
105,460
LTR Renter %
42.5%
Forecast (1 yr)
0.86%
Appreciation (1 yr)
-0.29%
Appreciation (5 yr)
38.41%
Appreciation (10 yr)
137.38%
Job Growth
1.82%
LTR Rentability
Very High
STR Demand
70
STR Rentals
1,172
Top Public Schools
ASTEM Academy at Svt
A-Libby Center
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Washington
#108out of 181 markets
Best Suburbs for Young Professionals in Washington
#55out of 181 markets
Suburbs with the Best Public Schools in Washington
#107out of 181 markets
B-
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Spokane Valley, WA.
As of October 2021, Spokane Valley, WA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the local government.
Investors should also consider the potential impact of STRs on the community and neighborhood where the property is located. Some concerns that may arise with STRs include noise complaints, parking issues, and changes in the character of the neighborhood.
Additionally, investors should be aware of any homeowner association (HOA) rules or restrictions that may prohibit or regulate short term rentals in the area. It is important to thoroughly research and understand any restrictions that may affect the ability to operate an STR in a specific property.
Overall, investors should carefully consider the potential risks and benefits of investing in a property for short term rental in Spokane Valley, WA and stay informed about any regulatory changes that may impact their investment.
Market Trends Over Time
Explore 25 years of market data for Spokane Valley, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Spokane Valley, WA.
The LTR Genie Score of Spokane Valley, WA is 74 and STR Genie Score is 60, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Rentability and LTR Net ROI of 29.98% contribute to the high LTR Genie Score, while the STR Net ROI of 32.98% and decent STR Occupancy rate of 61.11% contribute to the moderate STR Genie Score.
Spokane Valley, WA is a growing market with a 1-Year Price Appreciation Forecast of 0.86%. This indicates potential for property value growth in the near future, making it an attractive option for real estate investors looking for long-term appreciation. Additionally, with a strong LTR Rentability and moderate STR Genie Score, investors may consider diversifying their portfolio by investing in both long-term and short-term rental properties in Spokane Valley.
In conclusion, Spokane Valley, WA presents a promising opportunity for real estate investors, particularly those interested in long-term rental investments. With a high LTR Genie Score and positive market indicators, investors may find success in this market for both long-term and potentially short-term rental properties. It is recommended to conduct further market research and due diligence to make informed investment decisions in Spokane Valley, WA.
LTR Genie Score 80
$250,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,752 sqft.🏠 SINGLE FAMILY
