Why Spokane Is One of the Best Mid-Sized Cities for Real Estate Investors in 2025 | The Hornberger Group
Spokane’s Rise as an Investor-Friendly Market
Spokane has long been known as a regional hub in the Inland Northwest, but in recent years it has emerged as one of the best mid-sized cities for real estate investors. As of 2025, Spokane offers landlords and property owners a rare combination: strong tenant demand, relative affordability, and steady economic growth compared to many other western metros.
For investors seeking stable, long-term rental income, Spokane provides the right balance of opportunity and security.
in Affordability Compared to Coastal Markets
One of Spokane’s greatest advantages is its affordability compared to nearby markets like Seattle and Portland. While home prices and rents have climbed in Spokane, they remain significantly lower than larger West Coast metros. This makes Spokane attractive to both renters seeking lower living costs and investors looking for markets with strong rental yields.
For landlords, affordability translates to higher cash flow potential and less risk of vacancy compared to overheated markets.
Growing Population and Migration Trends
Spokane continues to attract new residents, many of whom relocate from more expensive regions. Families, retirees, and professionals are drawn to the area for its quality of life, access to outdoor recreation, and lower cost of living.
This ongoing migration fuels rental demand across neighborhoods like North Spokane, Spokane Valley, and suburban communities including Liberty Lake and Mead.
For investors, these migration patterns create consistent tenant pools and long-term stability.
Economic Growth and Job Stability
While Spokane is not a major tech hub like Seattle, its economic base is both steady and diversified. Key industries include:
- Healthcare – Spokane is home to multiple major hospital systems and healthcare employers.
- Education – Gonzaga University, Whitworth University, and Eastern Washington University support stable demand from students, faculty, and staff.
- Military – Fairchild Air Force Base is one of the region’s largest employers, providing a constant source of rental demand.
- Distribution & Manufacturing – Spokane Valley and Airway Heights continue to grow as hubs for logistics and production.
These industries ensure that Spokane’s rental market is supported by strong employment and a steady influx of tenants.
Lifestyle Appeal That Attracts Renters
Beyond jobs and affordability, Spokane offers a lifestyle that draws long-term renters:
- Access to the Spokane River, ski resorts, and regional lakes.
- A vibrant downtown with restaurants, breweries, and entertainment venues.
- Family-friendly suburban communities with good schools and neighborhoods.
This mix of urban amenities and outdoor recreation makes Spokane appealing to a diverse tenant base, from students to professionals to retirees.
Opportunities for Landlords and Investors
Spokane’s real estate market provides opportunities across different property types:
- Single-Family Rentals – Strong demand from families looking for long-term housing.
- Multi-Family Properties – Cash flow potential from apartments and duplexes, particularly near job centers and universities.
- Emerging Submarkets – Areas like Post Falls and Cheney offer spillover growth from Spokane and Coeur d’Alene.
For landlords, diversifying across these property types can balance stability with higher-yield opportunities.
Why Work With a Local Property Management Company
Even the best markets require smart management. Spokane’s rental laws, maintenance needs, and tenant screening processes can be complex for landlords to handle alone. Partnering with a professional company, like the Hornberger Group, ensures your investment performs consistently and tenants are well cared for.
At The Hornberger Group, we help Spokane investors protect their assets, reduce vacancies, and plan for long-term portfolio growth.
FAQ: Spokane Real Estate Investment 2025
Q: Is Spokane a good city for real estate investors in 2025?
A: Yes. Spokane combines affordability, strong rental demand, and steady population growth, making it one of the best mid-sized U.S. cities for investors.
Q: What drives rental demand in Spokane?
A: Population growth, healthcare and education employment, and lifestyle appeal keep the market strong.
Q: Where are the best areas to invest in Spokane?
A: Spokane Valley, North Spokane, Liberty Lake, and surrounding Idaho markets like Post Falls and Hayden are great areas to begin your search.
Q: Do you offer real estate sales services?
A: Yes. In addition to property management, The Hornberger Group provides full-service real estate sales support in Washington and Idaho markets. Whether you’re buying your next rental property or selling an investment, our team can guide you through the process with market expertise and investor-focused strategies.
Final Takeaway
Spokane stands out in 2025 as one of the best mid-sized cities for real estate investors. Its affordability, diverse economy, and lifestyle appeal create strong demand for rental properties across the region. For landlords, Spokane offers an investment market with both stability and long-term potential.
Contact The Hornberger Group today to learn how our Spokane property management services can help you maximize returns on your rental investments.