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Spokane, 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
$1,517
Monthly Cash Flow
-$928
Principal + Equity
$3,272
Annual Total Gain
$28,124
Cash on Cash
-11.32%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$153
Occupancy Rate
61.11%
Monthly Revenue
$2,100
Monthly Cash Flow
-$661
Principal + Equity
$3,272
Annual Total Gain
$31,335
Cash on Cash %
-8.06%
Net ROI %
Market Health & Growth
Median Income
$65,745
Population
229,228
LTR Renter %
41.69%
Forecast (1 yr)
0.67%
Appreciation (1 yr)
-0.52%
Appreciation (5 yr)
36.52%
Appreciation (10 yr)
137.9%
Job Growth
0.47%
LTR Rentability
Low
STR Demand
70
STR Rentals
1,172
Top Public Schools
ASTEM Academy at Svt
A-Libby Center
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Healthiest Cities in America
#71out of 229 markets
Healthiest Places to Live in America
#71out of 230 markets
Best Cities for Outdoor Activities in America
#39out of 229 markets
B
Public School
D
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, WA.
In Spokane, WA, Short Term Rental (STR) regulations are overseen by the city's zoning code and the Spokane Municipal Code. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Spokane:
1. Zoning restrictions: Spokane has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. It is important for investors to check the zoning of the property they are interested in to ensure that Short Term Rentals are permitted in that area.
2. Licensing requirements: In Spokane, Short Term Rental hosts are required to obtain a Short Term Rental Operator License from the city. This license must be renewed annually and there are specific requirements that hosts must meet in order to obtain and maintain the license.
3. Occupancy limits: Spokane has occupancy limits for Short Term Rentals, which specify the maximum number of guests that are allowed to stay in a rental property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Safety and health regulations: Short Term Rental properties in Spokane must meet certain safety and health standards in order to ensure the well-being of guests. Investors should be familiar with these regulations and make any necessary updates or improvements to their property to comply with them.
5. Tax obligations: Short Term Rental hosts in Spokane are required to collect and remit lodging taxes on the rental income they earn. Investors should be aware of these tax obligations and ensure that they are properly reporting and paying their taxes to the city.
Overall, investors looking to purchase a property for Short Term Rental in Spokane should be aware of the specific regulations and requirements that apply to this type of rental property in the city. By understanding and complying with these regulations, investors can ensure that their Short Term Rental business is successful and sustainable in the Spokane market.
Market Trends Over Time
Explore 25 years of market data for Spokane, 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, WA.
The LTR Genie Score of Spokane, WA is 58 and STR Genie Score is 59, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be attributed to the low LTR Rent Growth Rate of 0.0705%. However, the LTR Net ROI of 28.58% and STR Net ROI of 31.84% suggest strong potential for returns in both rental strategies. The 1-Year Price Appreciation Forecast of 0.67% indicates a stable market with modest growth prospects. The STR Occupancy rate of 61.11% and STR Revenue of 2100 are favorable for short-term rental investors.
Spokane, WA is a growing city with a diverse economy, including healthcare, education, and manufacturing sectors. The city offers a high quality of life with outdoor recreational opportunities and a lower cost of living compared to other major cities in the Pacific Northwest.
Overall, Spokane, WA presents opportunities for both long-term and short-term rental investments. Real estate investors may consider a diversified approach by investing in both rental strategies to maximize returns and mitigate risks. With favorable ROI metrics and stable market conditions, Spokane, WA is an attractive market for real estate investors seeking to capitalize on the city's growth and potential for rental income.
LTR Genie Score 93
$225,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,761 sqft.🏠 SINGLE FAMILY
