Median Home PriceBETTER
$412,282.08
Median RentBETTER
$1,509.57/mo
Price-to-Rent RatioBETTER
22.8
Property Tax RateTIE
0.98%
Price Change (1Y)BETTER
-0.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$290,894
Median Home Price
$555,177.07
Median Rent
$1,956.85/mo
Price-to-Rent Ratio
23.6
Property Tax RateTIE
0.98%
Price Change (1Y)
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$394,367
Key Differences
Home Prices
Spokane's median home price of $412,282.08 is lower than Tacoma's $555,177.07 by 26%.
Monthly Rent
Renting in Spokane costs $1,509.57/mo compared to $1,956.85/mo in Tacoma—a difference of $447.28/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.