Department of Numbers

Spokane Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Spokane, WA (the Spokane metro area) was $852 in 2017 according to the Census ACS survey.1 Average gross rent in Spokane was $905 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Spokane median and average rent data will be released in September of 2019.

Data is also available below for Spokane rental vacancy rates, Spokane rent as a percent of median income and the fraction of renters in Spokane.

Show dollars as: Nominal Real

Real Gross Rent in Spokane Washington (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Washington Median Gross Rent $1,216 +5.46% +15.04%
Spokane, WA Median Gross Rent $852 0.00% +3.27%

Spokane, WA Real Gross Rent Trends

Median gross rent for Spokane peaked in real terms in 2016 at $852 and is now $0 (0.00%) lower. Average gross rent for Spokane peaked in real terms in 2016 at $913 and is now $8 (0.88%) lower.

Real Gross Rent in Spokane: Spokane WA Median, Spokane WA Average, Washington Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Spokane

Date US
Median
Washington
Median
Spokane, WA
Median
Spokane, WA
Average
2017 $1,012 $1,216 $852 $905
2016 $996 $1,153 $852 $913
2015 $987 $1,111 $804 $853
2014 $956 $1,057 $825 $860
2013 $924 $1,010 $785 $811
2012 $912 $984 $778 $821
2011 $912 $974 $755 $794
2010 $927 $984 $778 $817
2009 $931 $1,007 $816 $843
2008 $947 $1,004 $793 $834
2007 $899 $930 $751 $777
2006 $909 $928 $749 $790

Spokane Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Spokane Washington was 2.70% according to Census ACS data.

Rental Vacancy Rate in Spokane Washington

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Washington 3.68% +0.45% -0.55%
Spokane, WA 2.70% -1.19% -2.90%

Trends in Spokane, WA Rental Vacancy Rate

The rental vacancy rate in Spokane peaked in 2011 at 7.97%. Since then it has fallen by 5.27% to 2.70%. Data records for this series originated in 2005.

Rental Vacancy Rate: Spokane WA, Washington, US

Rental vacancy rate in Washington

Historical Rental Vacancy Rate data for Spokane

Date US Washington Spokane, WA
2017 6.18% 3.68% 2.70%
2016 5.89% 3.23% 3.89%
2015 5.85% 3.27% 3.90%
2014 6.32% 4.23% 5.60%
2013 6.49% 4.65% 5.52%
2012 6.77% 5.30% 7.21%
2011 7.40% 5.59% 7.97%
2010 8.17% 5.80% 4.04%
2009 8.43% 5.98% 7.39%
2008 7.86% 5.09% 4.96%
2007 7.87% 4.83% 5.35%
2006 7.70% 6.14% 6.46%

Rent as a Fraction of Income

Using median household income data for Spokane, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Spokane, median monthly gross rent as a fraction of median household income was 19.17% in 2017 according to the ACS.

Spokane Washington Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Washington 20.56% +0.26% +0.38%
Spokane, WA 19.17% +0.16% -0.44%

Trends in Spokane, WA Rent as a Fraction of Income

The fraction of median Spokane household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.80%. Since then it has fallen by 0.63% to 19.17%.

Fraction of Income towards Rent: Spokane WA, Washington, US

Percent of median household income going towards median monthly gross rent in Spokane Washington

Historical Data for Annual Rent as a Fraction of Income in Spokane Washington

Date US Washington Spokane, WA
2017 20.13% 20.56% 19.17%
2016 20.43% 20.30% 19.01%
2015 20.63% 20.21% 19.71%
2014 20.89% 20.18% 19.61%
2013 20.78% 20.32% 19.43%
2012 20.65% 19.88% 19.00%
2011 20.70% 19.64% 17.63%
2010 20.50% 19.59% 18.32%
2009 20.12% 19.33% 19.80%
2008 19.00% 18.06% 17.11%
2007 18.66% 17.61% 17.05%
2006 18.90% 17.78% 17.80%

Renter Fraction in Spokane Washington

You can calculate the renter fraction in Spokane in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Spokane as a fraction of total Spokane households. In 2017 35.58% of households were renters according to Census ACS data.

Spokane Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Washington 37.21% -0.32% -1.04%
Spokane, WA 35.58% -0.20% -1.07%

Trends in the Spokane, WA Renter Fraction

The Spokane household renter fraction peaked in in 2015 at 37.95% and is now 2.37% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Spokane WA, Washington, US

Fraction of renters in Spokane

History of Spokane Renter Fraction

Date US Washington Spokane, WA
2017 36.13% 37.21% 35.58%
2016 36.88% 37.53% 35.78%
2015 36.97% 37.58% 37.95%
2014 36.90% 38.25% 36.65%
2013 36.50% 38.06% 36.69%
2012 36.09% 37.67% 37.03%
2011 35.42% 37.18% 35.63%
2010 34.65% 36.90% 36.71%
2009 34.13% 35.70% 35.04%
2008 33.36% 34.72% 35.52%
2007 32.80% 33.93% 34.16%
2006 32.73% 34.46% 33.98%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.