Colbert, WA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Colbert short-term rental market based on reliable data.

Listings

46 / 97

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$31,004

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$600,204

Median Home Sale Price

Top Earners

$55,310

Top-Earners Revenue

Colbert

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Colbert.

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C

Challenging to Investors

Colbert Regulations

STRs are permitted but limited to primary residences (owner/tenant) and involve moderate permitting, plan reviews, annual life‑safety compliance, notification to neighbors, and monitoring/enforcement introduced in 2024.

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About Colbert

Colbert is an unincorporated community and census-designated place in Spokane County, in the northeastern corner of Washington State. With a population of roughly 8,000 to 9,000 residents, it has a quiet, semi-rural character that blends open country, light residential development, and easy access to the larger Spokane metro area. The community sits along the Highway 2 corridor north of Spokane, serving as a peaceful residential base for those who work in the city but prefer a slower pace of life. It functions as a low-key gateway to the outdoor landscapes of the Inland Northwest, with the Spokane River, rolling pine-forested hills, and nearby state parks all within a short drive. Downtown Spokane lies approximately twelve to fifteen miles to the south, a journey that typically takes around twenty to twenty-five minutes by car.

A short drive southwest of Colbert brings visitors to Riverside State Park, one of the largest and most popular outdoor destinations in the Spokane region. The park follows the Spokane River and features the famous Bowl and Pitcher rock formation, along with more than fifty miles of multi-use trails for hiking, mountain biking, and horseback riding, plus campgrounds and picnic areas. From Colbert, most trailheads are reachable in roughly twenty to thirty minutes, making the park a natural day-trip option for guests looking to enjoy the river without venturing far.

To the northeast, Mount Spokane State Park rises nearly six thousand feet above sea level and offers year-round recreation, including alpine hiking in summer and downhill skiing at Mount Spokane Ski and Snowboard Park in winter. The drive from Colbert to the upper park and ski area generally takes between forty-five minutes and an hour, depending on weather and road conditions, and the road itself is a popular scenic drive during the warmer months. The summit viewpoints and wildflower meadows are among the highlights of the Inland Northwest.

Closer to home, the Spokane River winds its way through the valleys and canyons around Colbert, with several public access points and small parks along its banks. The river draws anglers, kayakers, and casual floaters, and the surrounding foothills provide ample space for trail walking and wildlife viewing. Meanwhile, downtown Spokane, just down the highway, offers the Riverfront Park complex, dining, breweries, performing arts venues, and the Spokane Falls, all of which are easily reachable for a half-day outing.

Colbert's appeal as a short-term rental base lies in this combination of small-town calm and proximity to both nature and city amenities. Guests can return from a day of hiking, skiing, or river activities to a quieter residential setting, with Spokane's restaurants, shops, and events only a short drive away. For travelers who want a taste of the Inland Northwest's outdoor lifestyle without sacrificing urban convenience, the community offers an inviting and well-located home base.

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