If you’ve been keeping an eye on the Inland Northwest, you’ve probably noticed something: Spokane isn’t just growing—it’s thriving. From revitalized downtown neighborhoods to expanding suburbs, investors are starting to see Spokane as one of Washington’s most promising real estate markets. But the real question is: Is Spokane actually a good place to invest in real estate?
Let’s break it down.
💰 1. Affordability that makes sense
Compared to larger West Coast cities, Spokane still offers solid value for your investment dollar. The median home price hovers around $450,000, giving investors more buying power and a better chance at positive cash flow. Whether you’re buying your first rental or expanding your portfolio, Spokane’s price point is a refreshing change from Seattle or Portland.
🏘️ 2. Strong rental demand
As more people relocate to the area for lifestyle, affordability, and remote work flexibility, Spokane’s rental market remains strong. Low vacancy rates and steady rent growth have made it a reliable choice for buy-and-hold investors. Neighborhoods like South Hill, North Spokane, and Spokane Valley continue to attract long-term tenants looking for comfort and community.
📈 3. Steady appreciation and stable growth
While the days of double-digit yearly increases have cooled, Spokane’s real estate market continues to show healthy, steady appreciation—typically between 3–5% annually. It’s a sustainable pace that gives investors confidence without the volatility of over-inflated markets.
⚠️ 4. A few things to keep in mind
High interest rates and low inventory have made competition a bit tougher in some neighborhoods. But with the right strategy (and the right real estate team), investors can still find strong opportunities that make sense both now and long-term.
🌲 5. The Rios & Co advantage
At Rios & Co, we don’t just help you buy property—we help you build strategy. Our team knows Spokane’s neighborhoods inside and out, from hidden-gem fixer-uppers to turnkey rentals ready for tenants. We connect investors with properties that align with their goals, whether that’s immediate cash flow or long-term equity growth.
Bottom line: Spokane continues to offer solid opportunities for real estate investors—especially those looking for a growing community, stable appreciation, and the kind of local lifestyle that keeps tenants and homeowners happy.
Thinking about investing here? Let’s talk strategy.
👉 Connect with Rios & Co Real Estate today to explore the best investment opportunities in Spokane.
