What rental yields can I expect from Spokane townhouses?

Spokane townhouses typically generate rental yields of 4-5% annually, with average rents around $1,400 per month. Cap rates range from 5.5-6.5% depending on purchase price and property condition. Strong population inflow and limited inventory support continued rental rate growth.

How much appreciation should I expect in Spokane real estate?

Spokane is experiencing modest price appreciation of 2-3% annually as the market stabilizes after rapid 2020-2022 growth. While not explosive, this appreciation is supported by strong fundamentals including population growth, limited housing supply, and economic stability. Long-term appreciation is expected to remain steady rather than speculative.

Which Spokane neighborhoods are best for townhouse investments?

North Spokane, Spokane Valley, Mead, and Airway Heights are emerging as strong investment areas with new infrastructure projects and population growth. Entry-level townhouses under $400,000 in these areas are expected to see increased competition as interest rates stabilize, making early 2026 a critical window for investors.

Townhouse Investment Properties for Sale in Spokane, WA

Property at 906 E Indiana Ave, Spokane, WA

3 Bed
2 Bath
1307 sft

906 E Indiana Ave, Spokane, WA, 99207

Property at ROCKWELL Plan, Sekani West Townhomes, Spokane, WA

3 Bed
2 Bath
1337 sft

ROCKWELL Plan, Sekani West Townhomes, Spokane, WA, 99217

Property at 7125 N Crestline St UNIT 9, Spokane, WA

2 Bed
2 Bath
- sft

7125 N Crestline St UNIT 9, Spokane, WA, 99217

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Why Invest in Spokane, Washington?

Spokane's townhouse market presents a compelling opportunity for investors seeking stable returns in an emerging West Coast market. The city is experiencing stabilization after rapid growth cycles, with median prices around $413,000 and inventory approaching balanced conditions. Townhouses offer attractive rental yields in a market with strong population inflow from higher-priced West Coast regions. The combination of modest price appreciation, growing rental demand, and below-national-average entry costs makes townhouses particularly appealing for buy-and-hold strategies targeting first-time renters and relocating professionals.

6.5%

Avg. ROI

4.1%

Rental Yield

5.8%

Cap Rate

$485/mo

Avg. Cash Flow

$1400/mo

Avg. Rent

2.1%

1Y Appreciation

Frequently Asked Questions

Yes, early 2026 presents a favorable window for townhouse investors. The market is stabilizing with improved inventory (3 months supply), reasonable prices ($413k median), and strong rental demand ($1,400 average rent). Buyers who prepare early are expected to have advantages before competition increases in spring 2026.

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