Best ZIP Codes for Cash Flow in Spokane-Spokane Valley, WA (2026)

Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.

# ZIP City Home value Rent Cap rate 5-yr growth
1 99205 Spokane, WA $323,280 $1,707 4.12% 2.8%
2 99207 Spokane, WA $281,610 $1,478 4.09% 2.7%
3 99202 Spokane, WA $319,182 $1,563 3.82% 2.6%
4 99001 Airway Heights, WA $375,936 $1,740 3.61% 3.3%
5 99203 Spokane, WA $498,105 $2,183 3.42% 2.7%
6 99212 Spokane Valley, WA $377,442 $1,640 3.39% 3.3%
7 99006 Deer Park, WA $476,888 $2,060 3.37% 3.1%
8 99013 Ford, WA $285,750 $1,170 3.19% 2.8%
9 99173 Springdale, WA $323,972 $1,314 3.16% 4.7%
10 99217 Spokane, WA $377,322 $1,506 3.11% 2.6%
11 99018 Latah, WA $320,615 $1,233 3.00% 1.9%
12 99223 Spokane, WA $503,868 $1,873 2.90% 2.8%
13 99206 Spokane Valley, WA $427,381 $1,564 2.85% 3.1%
14 99216 Spokane Valley, WA $414,031 $1,469 2.77% 3.2%
15 99201 Spokane, WA $331,163 $1,153 2.72% 2.0%
16 99208 Spokane, WA $464,555 $1,622 2.72% 2.4%
17 99016 Spokane Valley, WA $504,236 $1,741 2.69% 2.4%
18 99004 Cheney, WA $426,751 $1,466 2.68% 2.8%
19 99157 Northport, WA $260,503 $891 2.67% 5.7%
20 99037 Spokane Valley, WA $490,958 $1,648 2.62% 3.0%
21 99022 Medical Lake, WA $437,711 $1,452 2.59% 3.2%
22 99218 Spokane, WA $474,684 $1,561 2.56% 2.8%
23 99005 Colbert, WA $605,193 $1,908 2.46% 3.0%
24 99030 Rockford, WA $441,613 $1,377 2.43% 4.0%
25 99181 Valley, WA $375,071 $1,152 2.40% 3.2%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

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Appreciation in Spokane-Spokane Valley, WA  ·  Affordable in Spokane-Spokane Valley, WA

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