Home Affordability in Spokane County, WA
A typical home in Spokane County is worth $429,071, up 0.1% 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 $429,071. 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 | $317,000 | $262,000 | $240,000 | $256,000 |
| $100,000 | $434,000 | $359,000 | $329,000 | $351,000 |
| $125,000 | $551,000 | $456,000 | $418,000 | $445,000 |
| $150,000 | $668,000 | $552,000 | $507,000 | $540,000 |
| $200,000 | $902,000 | $746,000 | $684,000 | $729,000 |
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 | $401,824 | -0.4% | $93,000 | Details |
| Spokane Valley | $418,234 | +0.3% | $97,000 | Details |
| Cheney | $426,825 | -0.6% | $99,000 | Details |
| Deer Park | $476,961 | +0.3% | $109,000 | Details |
| Liberty Lake | $568,077 | +0.8% | $129,000 | Details |
| Colbert | $604,997 | +0.1% | $137,000 | Details |
| Mead | $524,297 | +1.4% | $119,000 | Details |
| Medical Lake | $434,665 | +1.6% | $100,000 | Details |
| Nine Mile Falls | $555,273 | +0.1% | $126,000 | Details |
| Airway Heights | $376,132 | +0.3% | $88,000 | Details |
| Newman Lake | $517,239 | +1.8% | $118,000 | Details |
| Chattaroy | $598,119 | +0.4% | $135,000 | Details |
| Elk | $505,084 | +0.7% | $115,000 | Details |
| Otis Orchards-East Farms | $476,762 | +1.6% | $109,000 | Details |
| Valleyford | $698,390 | +0.1% | $157,000 | Details |
| Millwood | $369,931 | +1.6% | $86,000 | Details |
| Rockford | $422,367 | +2% | $98,000 | Details |
| Mica | $725,769 | +0.7% | $162,000 | Details |
| Spangle | $595,526 | +0.7% | $135,000 | Details |
| Latah | $351,426 | +1.3% | $82,000 | Details |
| Fairfield | $306,875 | +1.7% | $73,000 | Details |
The cheapest places in the county are Fairfield ($307K), Latah ($351K), Millwood ($370K).
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 $161K 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.