Insights / Spokane

Firm
Cooling
Condition and direction
Spokane, WA · recomputed daily
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Spokane, WA Multifamily Market Read | September 2026

Spokane reads Firm and Cooling, so landlords have the edge. Asking rents are firming, up 2.8% over the past year (Zillow ZORI, monthly, latest Aug 2026). This brief lays out what the current data shows for Spokane, grouped by how often each source updates.

Updated September 20, 2026

Asking rent YoY · monthly
+2.8%
Vacancy · 2024
4.4%
Jobs YoY · monthly
-0.6%

What is moving now (monthly)

Asking rents are firming, up 2.8% over the past year (Zillow ZORI, monthly, latest Aug 2026). Jobs are softening, down 0.6% over the past year (BLS, monthly, latest Aug 2026).

The backdrop (yearly, US Census Bureau)

Vacancy was 4.4%, on the low side, a tight rental market, in the 2024 count (US Census Bureau). This is a yearly snapshot, not a monthly signal. New permitting was subdued, -23.6% in the 2025 count (US Census Bureau, building permits). A standing yearly figure, not a live signal. Net migration was positive at +3.1 per 1,000 residents in the 2025 count (US Census Bureau).

Rent context

The metro median rent, including utilities, was about $1,405 a month in the 2024 count (US Census Bureau).

What the data shows

Taken together, Spokane is Firm and cooling: landlords have the edge. The monthly movers, asking rent and jobs, are the live part of the picture, while vacancy, permitting, and migration are yearly snapshots that set the backdrop. MetroSgnl reads the market from public data and shows every figure with its source and cadence. This is market information, not investment advice, and not a recommendation about any property.

Common questions about Spokane · answered from the data, updated September 20, 2026

Is the Spokane rental market tight or soft right now?

Spokane reads Firm right now, so landlords have the edge.

Which way is the Spokane market heading?

Spokane is cooling right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Spokane a landlord's or a renter's market?

Spokane is a landlord's market right now, because it reads Firm.

What is the vacancy rate in Spokane?

Vacancy in Spokane is 4.4% in the Jan 2024 count, a yearly snapshot rather than a live monthly signal (US Census Bureau).

How much have Spokane rents changed?

Asking rents in Spokane are up 2.8% over the past year (Zillow ZORI, monthly, latest Aug 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Spokane rents have eased for the first time in two decades, but an economist warns the relief may not lastThe Spokesman-Review
North Spokane apartment property sells for $22.5MSpokane Journal of Business
Spokane Housing Authority opens its largest project: 240 affordable apartments in Spokane ValleyThe Spokesman-Review
Boomtown: Spokane Valley's Orchard Vista opens, offering 240 affordable apartmentskrem.com
Spokane wildfire victims can now apply for housing assistanceNonStop Local KHQ
Downtown Spokane housing development moves forward with demolition work | Newskxly.com
See all Spokane news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.

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