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WA

Spokane

Eastern WA Value Cash Flow

Neighborhoods10

Strong buys7green rated

Conditional2amber rated

Avoid1red rated

Neighborhoods

10 entries

Strong BuyCash Flow Core· Remote High
Garland / Northtown
Established north-side neighborhoods with an eclectic commercial district, affordable single-family stock, and steady long-term demand, offering a reliable cash-flow-and-stability blend.
Entry$260K-380K
Rent$1,500-2,000
Gross yield5-7%
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Strong BuyCash Flow Core· Remote High
Spokane Valley
A growing suburban city east of Spokane with newer stock, larger lots, retail, and family demand, drawing long-term tenants who want space and convenient commuting.
Entry$350K-480K
Rent$1,850-2,400
Gross yield5-6%
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Strong BuyDefensive Hold· Remote High
South Hill
Spokane's premier neighborhood - historic homes, top schools, and Manito Park, drawing families and medical-and-education professionals for stable, low-turnover rentals. Washington's no state income tax helps net returns.
Entry$400K-700K
Rent$2,000-2,700
Gross yield4-6%
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Strong BuyAppreciation· Remote High
Kendall Yards
A newer walkable, mixed-use development overlooking the river near downtown, drawing young professionals who value lifestyle and convenience, and consistently outperforming the broader market on appreciation.
Entry$400K-650K
Rent$2,000-2,700
Gross yield4-6%
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Strong BuyValue-Add· Remote Medium-High
Emerson-Garfield
A historic commercial district near downtown with single- and multi-family stock, detached tree-lined sidewalks, and rising demand from a diverse mix of professionals, students, and families.
Entry$230K-350K
Rent$1,450-1,900
Gross yield6-8%
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Strong BuyCash Flow Core· Remote Medium-High
Browne's Addition
One of Spokane's oldest neighborhoods, with stately historic mansions converted to rentals and small multifamily near downtown, drawing a diverse tenant base at a central location.
Entry$250K-400K
Rent$1,500-2,000
Gross yield5-7%
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Strong BuyCash Flow (student)· Remote Medium-High
Logan (Gonzaga area)
Neighborhoods around Gonzaga University drive steady student-and-faculty rental demand, supporting per-unit yields above the city average from a reliable campus population.
Entry$250K-380K
Rent$1,500-2,100
Gross yield5-8%
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ConditionalCash Flow Core· Remote Medium-High
West Plains / Airway Heights
A growing industrial-and-logistics employment hub west of the city with new subdivisions and build-to-rent, drawing blue-collar workforce and young families.
Entry$300K-420K
Rent$1,650-2,150
Gross yield5-7%
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ConditionalValue-Add· Remote Medium
Hillyard
Once one of Spokane's most affordable neighborhoods, now a revitalization success story with ongoing redevelopment and a lower price point, favored by investors seeking long-term equity.
Entry$200K-320K
Rent$1,350-1,750
Gross yield6-8%
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Avoid (Remote Investors)Speculative· Remote Low
East Central / older pockets (deep value)
The lowest entry prices and highest paper yields in the city, in older pockets with scattered reinvestment.
Entry$150K-260K
Rent$1,150-1,550
Gross yield7-10%
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