Rent to own Homes in Spokane, WA
Spokane, Washington, honors two things above all: family and the environment. In fact, this city was where Father's Day began, and it was also the first city to have an environmentally-themed World's Fair, all the way back in 1974. Spokane is the best of both worlds, combining an environment of vast natural resources with all the necessities of life within a city. This former trading post along the Spokane River in the Pacific Northwest is lush and green and has an economy based on many industries, including mining and timber. When most people think of Washington State, they think first of Seattle along the Pacific coast. But Spokane is the underrated cousin on the opposite side of the state, and in many ways, the city is quite different from Seattle. Spokane is just 20 miles from the state border with Idaho and about 90 miles south of Canada.
Spokane, WA is a great place for affordable rent-to-own homes! With a median household income of over $52,600 and a median rent of $905, the Spokane, WA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Spokane, WA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Spokane, WA Property Resources
Rent to own Homes in Cities Near Spokane, WA
- Airway Heights
- Chattaroy
- Cheney
- Clayton
- Colbert
- Country Homes
- Deer Park
- Elk
- Fairchild AFB
- Fairchild Air Force Base
- Fairfield
- Ford
- Four Lakes
- Greenacres
- Green Bluff
- Liberty Lake
- Mead
- Medical Lake
- Mica
- Millwood
- Newman Lake
- Nine Mile Falls
- Otis Orchards
- Otis Orchards-East Farms
- Post Falls
- Rockford
- Spangle
- Spokane
- Spokane Valley
- State Line
- Suncrest
- Town and Country
- Tumtum
- Valleyford
- Veradale
Neighborhoods in Spokane, WA
Browne's Addition rent to own homes Balboa rent to own homes Bemiss rent to own homes Chief Garry Park rent to own homes Cliff Cannon rent to own homes Comstock rent to own homes East Central rent to own homes Peaceful Valley rent to own homes Emerson Garfield rent to own homes Hillyard rent to own homesBuying a Home in Spokane, WA
Spokane, WA is seeing rapid growth and Spokane, WA's' housing market remains optimal with an average home price that is -6% below the 2024 national average. Spokane, WA is part of Spokane county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Spokane is 1.01% which is above the national average, which is 0.99%.
Median Home Price in Spokane, WA
Median Rent in Spokane, WA
Top Reasons to Live in Spokane WA
Housing Statistics Compared to the rest of the western states, Spokane has a very moderate housing market with affordable home prices. The median home price is a reasonable $122,000. There's a pretty good mix of renters and home owners, too. 53.27 percent of homes are owner occupied, while 39.28 percent are renter occupied. An additional 7.45 percent of homes and apartments are vacant, which is below the national average.
Weather and Climate Spokane has a moderate climate with four seasons, although summer and winter are the most distinct. The temperatures are close to the national average, with winter highs in the 20s and summer highs in the mid-80s. Thanks to its proximity to other dry northern states like Idaho and Montana, Spokane doesn't get a lot of rain, averaging about half the national average rainfall. Spokane is nestled between the Cascades Range and the Rocky Mountains, creating a valley effect that protects the city from many weather patterns that come through. Being in a valley does mean that Spokane has fewer sunny days than the national average, though.
Local Restaurants Spokane has lots of great places to eat. If you're looking for a more upscale dining experience, check out local favorite Sante Restaurant and Charcuterie, which offers French cuisine like duck prosciutto and basil ice cream. The Wild Sage Bistro has a pleasing variety of American favorites, including tapas and fondue. Mizuna has options for both vegans and meat eaters. Locals love gastropubs like The Flying Goat. And for a fancy night out, you can't beat Churchill's Steakhouse or Clinkerdagger for ambiance and high quality steaks and seafood.
Neighborhood Guide Spokane is a city of moderation. It's moderately sized and moderately priced. You can have access to all the amenities and cultural features you want without feeling like you're being swallowed up by a giant city. There's an all-around great quality of life waiting for you in Spokane. Here are some neighborhoods in the city you should know about: