Best Spokane Valley Neighborhoods for Rental Property Investment in 2025 | The Hornberger Group
Spokane Valley continues to grow as one of the Inland Northwest’s strongest rental markets. With a thriving job base, excellent schools, and proximity to both Spokane and Coeur d’Alene, the area draws families, young professionals, and retirees alike. For real estate investors and landlords, Spokane Valley provides both stability and growth potential.
But where in Spokane Valley should you focus your rental property investments? This guide highlights the best Spokane Valley neighborhoods in 2025, based on rental demand, community appeal, and long-term opportunity.
Millwood – Small-Town Charm in the Heart of Spokane Valley
Millwood is known for its historic homes, tree-lined streets, and strong sense of community. Renters are drawn to the area for its small-town charm while still being close to Spokane Valley’s business and shopping centers.
For investors, Millwood offers a reliable tenant base made up of families, professionals, and long-term renters who value neighborhood appeal. Older homes in Millwood may require more maintenance, but they also present opportunities for long-term appreciation and stable occupancy.
Greenacres – A Growing Community with Strong Appeal
Located on the eastern edge of Spokane Valley, Greenacres has seen rapid development over the last decade. Its proximity to Liberty Lake, access to I-90, and outdoor amenities like the Centennial Trail make it highly attractive to both commuters and lifestyle renters.
Greenacres continues to expand with new subdivisions, townhomes, and rental properties, creating strong demand across a range of housing options. For landlords, this means consistent occupancy and opportunities to capture long-term growth.
Veradale – Established Neighborhoods with Steady Demand
Veradale sits at the heart of Spokane Valley and is anchored by strong schools in the Central Valley School District. Its established neighborhoods, combined with easy access to retail corridors like Sprague Avenue and Pines Road, make it a popular choice for families.
For landlords, Veradale offers one of the most stable tenant bases in Spokane Valley. Families tend to stay longer, reducing turnover, while professionals appreciate its convenient location. Properties here typically enjoy steady appreciation and consistent rental demand.
Dishman – Convenience and Outdoor Access
Dishman is unique in that it combines suburban convenience with direct access to outdoor recreation at the Dishman Hills Natural Area. Tenants here value the quick commute options to downtown Spokane and the Spokane Valley Mall while enjoying easy access to hiking and open space.
Investors will find a mix of single-family homes, duplexes, and small apartments, making Dishman a versatile choice for different investment strategies. With Spokane Valley’s growth, Dishman is positioned as a community with both lifestyle and economic appeal.
What Landlords Should Consider in Spokane Valley
Spokane Valley neighborhoods vary in character, but they all share common strengths: growing population, consistent tenant demand, and strong community amenities. For landlords, the best strategy is to balance stable areas like Veradale with growth markets like Greenacres.
Working with a professional property management company ensures that your investments are marketed effectively, maintained properly, and aligned with long-term goals.
How The Hornberger Group Helps Spokane Valley Investors
At the Hornberger Group, we specialize in helping landlords succeed across Millwood, Greenacres, Veradale, and Dishman. Our services include:
- Tenant Screening to place reliable renters.
- 24/7 Maintenance with in-house teams to reduce costs.
- Annual Portfolio Reviews to align your properties with your financial goals.
- Marketing Services with professional photos, video tours, and digital exposure.
By partnering with a local property management expert, you can maximize rental income and minimize stress in Spokane Valley’s competitive rental market.
Investing in Spokane Valley Neighborhoods
What is the best Spokane Valley neighborhood to invest in 2025?
It depends on your goals. Veradale offers stability, Greenacres provides growth, Millwood attracts long-term tenants, and Dishman balances convenience with recreation.
Is Spokane Valley a good market for rental properties?
Yes. Spokane Valley continues to grow, with strong tenant demand, low vacancy rates, and diverse property options.
Why should landlords use a property management company in Spokane Valley?
A local property management partner reduces vacancies, ensures compliance, and keeps properties well-maintained, leading to better long-term returns.
Investing in Spokane Valley Rental Properties Moving Forward
Spokane Valley remains one of Eastern Washington’s most attractive rental markets. By investing in neighborhoods like Millwood, Greenacres, Veradale, and Dishman, landlords can position themselves for both stability and growth in 2025 and beyond.