Department of Numbers

Spokane Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Spokane, WA (the Spokane metro area) was $839 in 2016 according to the Census ACS survey.1 Average gross rent in Spokane was $899 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Spokane median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Washington Median Gross Rent $1,135 +3.75% +14.07%
Spokane, WA Median Gross Rent $839 +6.07% +8.54%

Spokane, WA Real Gross Rent Trends

At $839, real median gross rent in Spokane was at its highest level in 2016 since the series began in 2005. At $899, real average gross rent in Spokane was at its highest level in 2016 since the series began in 2005.

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
2016 $981 $1,135 $839 $899
2015 $972 $1,094 $791 $840
2014 $942 $1,041 $813 $847
2013 $910 $995 $773 $799
2012 $898 $969 $766 $809
2011 $898 $959 $744 $782
2010 $912 $969 $766 $805
2009 $916 $992 $803 $830
2008 $932 $989 $780 $821
2007 $885 $916 $739 $765
2006 $895 $914 $738 $777
2005 $869 $885 $727 $729

Spokane Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Spokane Washington was 3.89% according to Census ACS data.

Rental Vacancy Rate in Spokane Washington

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Washington 3.23% -0.04% -1.42%
Spokane, WA 3.89% -0.01% -1.63%

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 4.08% to 3.89%. 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
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%
2005 7.74% 5.74% 5.09%

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 19.01% in 2016 according to the ACS.

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

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Washington 20.30% +0.09% -0.02%
Spokane, WA 19.01% -0.70% -0.42%

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 0.79% to 19.01%.

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
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%
2005 18.89% 18.05% 17.54%

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 2016 35.78% of households were renters according to Census ACS data.

Spokane Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Washington 37.53% -0.05% -0.53%
Spokane, WA 35.78% -2.17% -0.91%

Trends in the Spokane, WA Renter Fraction

The Spokane household renter fraction peaked in in 2015 at 37.95% and is now 2.17% 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
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%
2005 33.10% 35.34% 35.43%

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.