Can You Afford a Home in Spokane Valley, WA?
A typical home in Spokane Valley is worth $418,234, up 0.3% over the past year. That is $11K below the Spokane County typical of $429,071.
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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 $418,234. 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 | $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 |
How Spokane Valley compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Millwood | $369,931 | +1.6% | $86,000 |
| Airway Heights | $376,132 | +0.3% | $88,000 |
| Spokane | $401,824 | -0.4% | $93,000 |
| Spokane Valley (this page) | $418,234 | +0.3% | $97,000 |
| Rockford | $422,367 | +2% | $98,000 |
| Cheney | $426,825 | -0.6% | $99,000 |
| Medical Lake | $434,665 | +1.6% | $100,000 |
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 $418,234, 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.