Spokane, WA
Landlord insurance in Spokane, Washington
Local rental data and insurance guidance for Spokane property owners. A quote is not a binder.
Census estimates put Spokane's renter-occupied share at 41%, or roughly 40,121 of 97,446 occupied homes. Compared with 36% across Washington, that is above average, and it tells you a lot about the local rental stock owners are insuring.
Census snapshot: Spokane housing
| Measure | Spokane | Washington |
|---|---|---|
| Renter-occupied homes | 41% (40,121) | 36% |
| Median owner-occupied home value | $363,500 | $564,600 |
| Median gross rent | $1,215/mo | $1,760/mo |
| Median year structure built | 1961 | 1985 |
| Homes in 2–4 unit buildings | 7% | 6% |
| Single-family homes (detached or attached) | 67% | 66% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
What home values in Spokane mean for your dwelling limit
Spokane's median home value, roughly $363,500, gives a rough sense of what rentals here are worth; the state median is $564,600. For insurance, ask for a replacement-cost estimate on your specific building.
For context, the NAIC reported that Washington dwelling-fire policies insuring $350,000 to $399,999 averaged $824 a year in 2023, against a statewide dwelling-fire average of $886. Those are owner-occupied dwelling-form figures, not landlord quotes.
Protecting rental income in Spokane
With median gross rent near $1,215 per month, twelve months of interrupted income in Spokane comes to about $14,580 for a single unit. Multiply by your unit count when you size loss-of-rents coverage.
Building age and underwriting in Spokane
The median Spokane home was built around 1961. Rentals from that era may still have original panels, aging supply lines, or roofs on a second or third replacement, which are the details underwriters ask about first.
Single-family, small multi-unit, and apartments in Spokane
Spokane's housing is mixed: about 67% single-family, 7% in 2–4 unit buildings, and 24% in buildings of five or more units. Dwelling forms fit up to four units; larger buildings need commercial apartment coverage.
How Spokane compares with nearby Washington markets
Spokane Valley has a renter share of 42% with homes valued around $382,300 at the median. For comparison, Seattle comes in at 56% rented and $938,600 median value, with median rent of $2,030. Nearby Tacoma reports 44% renter households and a $479,600 median home value, so proportionally more renters than Spokane. By renter share, Spokane is number 20 on our list of 30 Washington cities. Buildings with five or more units hold about 24% of Spokane's homes; those generally need commercial apartment coverage rather than dwelling forms.
Weather and property risks for Spokane rentals
Typical Washington property risks such as freezing pipes during cold snaps and winter windstorms and heavy rain west of the Cascades affect owners in Spokane and the rest of Spokane County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Your Spokane quote checklist
- Construction year plus the age of the roof
- Occupancy: long-term lease, month-to-month, short-term, or vacant
- Dates of wiring, plumbing, and HVAC upgrades
- Your existing policy and recent claims
- Lender name for the mortgagee clause
- How much liability and lost rent you want covered
- Street address in Spokane and number of units
Request a Spokane landlord quote
Questions from Spokane rental owners
What share of Spokane homes are rentals?
About 41% of occupied homes in Spokane, roughly 40,121 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Spokane?
Washington law does not require landlord insurance, but lenders usually require property coverage, and many leases, HOAs, and property managers require liability coverage.
How much does landlord insurance cost in Spokane?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Washington dwelling-fire average of $886; see our Washington page for the full table.
More landlord pages near Spokane
Landlord insurance in Washington · Cost by state
Last updated October 15, 2026. Sources and method: how we research.