Spokane, WA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

975 / 1789

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$28,080

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$389,884

Median Home Sale Price

Top Earners

$53,421

Top-Earners Revenue

Spokane

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Spokane.

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C

Challenging to Investors

Spokane Regulations

Spokane explicitly permits STRs with reasonable caps (1 per single-family structure, 20% for multifamily buildings) and moderate application fees ($200-300), but investors face substantial compliance burden including extensive documentation requirements (safety forms, site/floor plans, fire safety plans), $1M insurance mandates, complex multi-layered regulations spanning city and state RCW requirements, detailed monthly/quarterly tax filing obligations, and active enforcement with potential revocation for violations.

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About Spokane

Spokane, Washington, is a mid-sized city located in the eastern part of the state, serving as a central hub for the region. With a population of approximately 220,000 residents, Spokane is the second-largest city in Washington. It sits roughly 280 miles east of Seattle, the closest major city, and can typically be reached via a 4-hour drive along Interstate 90.

Spokane is well-known for its rich history, beautiful natural scenery, and vibrant cultural scene, making it an attractive destination for short-term rentals. A key landmark in the city is Riverfront Park (https://my.spokanecity.org/riverfrontpark/),,) which is home to the famous Spokane Falls and hosts a variety of events throughout the year. Another significant site is Manito Park (https://www.spokanecity.org/parksrec/places/Manito/),,) which features beautifully manicured gardens, walking paths, and a conservatory.

Additionally, Spokane's downtown area offers a historic district packed with amenities including dining, shopping, and entertainment venues. The city's geographical appeal extends to the Spokane River, which winds through the heart of the city and provides opportunities for water-related activities.

For those interested in cultural experiences, the Northwest Museum of Arts and Culture (https://www.northwestmuseum.org/)) offers extensive exhibits on regional history and art. Sports enthusiasts can visit the Spokane Veterans Memorial Arena (https://www.spokanearena.com/)) for concerts and sporting events, including the Spokane Chiefs hockey games.

This combination of natural beauty, cultural richness, and convenience makes Spokane an appealing location for short-term rentals. The city's landmarks and amenities ensure a steady influx of visitors, contributing to a dynamic and continually growing market for short-term accommodation options.

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