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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Spokane offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Spokane's short-term rental market features 473 active Airbnb listings with an average daily rate of $140 and annual revenue averaging $23,614 per property. While ADR sits well below Washington's $393 state average, the market's comparatively affordable home values of $575,924 and above-average occupancy stability make it a compelling entry point for investors seeking steady cash flow in the inland Northwest. Seasonal demand peaks during summer months, with revenue nearly tripling from January lows to August highs, reflecting a market shaped by outdoor recreation and regional events.
According to Rabbu market data, the Spokane short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 473 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $140 |
| Average Occupancy Rate | vs. 36% state avg. | 36% |
| RevPAN | ADR * Occupancy Rate | $50 |
| Average Monthly Revenue | Historical 12-month average | $1,967 |
| Average Annual Revenue | Historical 12-month average | $23,614 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Spokane draws investor interest through its combination of affordable property prices relative to statewide averages, above-average occupancy stability, and clear seasonal demand that rewards strategic pricing.
Key investment factors
"Spokane presents an attractive opportunity for STR investors who can capitalize on pronounced summer seasonality and target the right property size. Revenue peaks in July and August — averaging $2,818 and $2,874 respectively — before tapering to a January low of $1,034, so operators need a pricing and expense strategy that accounts for a roughly 2.8x swing between peak and trough months. The market's occupancy stability stands out as a strength, and five-bedroom properties deliver the highest RevPAN at $130, suggesting group-friendly homes have meaningful pricing power. With supply growing rapidly, competition is increasing, but the affordable cost basis relative to revenue still offers a viable path to positive returns for well-managed listings."
— Rabbu Market Analysis Team
Revenue in Spokane follows a sharp seasonal curve, peaking in August at $2,874 and bottoming out in January at $1,034 — a spread of roughly $1,840. The June-through-September window accounts for the lion's share of annual earnings, making summer-optimized pricing strategies critical for maximizing returns.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,034 |
| February |
|
$1,191 |
| March |
|
$1,902 |
| April |
|
$1,731 |
| May |
|
$2,194 |
| June |
|
$2,545 |
| July |
|
$2,818 |
| August |
|
$2,874 |
| September |
|
$2,165 |
| October |
|
$2,039 |
| November |
|
$1,580 |
| December |
|
$1,535 |
One-bedroom listings dominate Spokane's supply at 173 units (37% of all listings), followed by 2-bedrooms with 124 units. Larger configurations — 5-bedroom and 6+ bedroom homes — account for just 37 combined listings, suggesting limited competition and potential opportunity for investors willing to target group travelers.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
23 |
| 1 bedroom |
|
173 |
| 2 bedrooms |
|
124 |
| 3 bedrooms |
|
81 |
| 4 bedrooms |
|
35 |
| 5 bedrooms |
|
24 |
| 6+ bedrooms |
|
13 |
ADR scales predictably with property size in Spokane, climbing from $88 for 1-bedrooms to $335 for 6+ bedroom properties. The sharpest jump occurs between 4-bedroom ($210) and 5-bedroom ($329) listings, where the $119 premium reflects strong willingness to pay among guests booking larger homes.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$95 |
| 1 bedroom |
|
$88 |
| 2 bedrooms |
|
$124 |
| 3 bedrooms |
|
$168 |
| 4 bedrooms |
|
$210 |
| 5 bedrooms |
|
$329 |
| 6+ bedrooms |
|
$335 |
Five-bedroom properties deliver the highest RevPAN in Spokane at $130 per available night, nearly double that of 4-bedroom units ($68) and almost four times the RevPAN of studios and 1-bedrooms ($33–$34). Interestingly, 6+ bedroom units drop to $78 RevPAN, suggesting that the very largest homes struggle with occupancy despite commanding top-tier nightly rates.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$34 |
| 1 bedroom |
|
$33 |
| 2 bedrooms |
|
$49 |
| 3 bedrooms |
|
$52 |
| 4 bedrooms |
|
$68 |
| 5 bedrooms |
|
$130 |
| 6+ bedrooms |
|
$78 |
Occupancy rates in Spokane cluster fairly tightly between 31% and 40%, with 2-bedroom and 5-bedroom properties sharing the top spot at 40%. The 6+ bedroom segment is the clear outlier at just 24% occupancy, indicating that while these properties charge premium rates, filling nights consistently remains a challenge.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
36% |
| 1 bedroom |
|
37% |
| 2 bedrooms |
|
40% |
| 3 bedrooms |
|
31% |
| 4 bedrooms |
|
33% |
| 5 bedrooms |
|
40% |
| 6+ bedrooms |
|
24% |
Monthly revenue rises steadily with property size, from $1,240 for 1-bedrooms up to $4,742 for 5-bedroom homes — nearly four times the earnings of the smallest units. Six-plus bedroom properties pull in $4,102 monthly, a step down from 5-bedrooms due to their lower occupancy, reinforcing that bigger isn't always better in this market.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$1,325 |
| 1 bedroom |
|
$1,240 |
| 2 bedrooms |
|
$1,979 |
| 3 bedrooms |
|
$2,637 |
| 4 bedrooms |
|
$3,519 |
| 5 bedrooms |
|
$4,742 |
| 6+ bedrooms |
|
$4,102 |
Five-bedroom properties lead Spokane's annual revenue rankings at $56,905, followed by 6+ bedrooms at $49,227 and 4-bedrooms at $42,230. For investors weighing return potential against acquisition and operating costs, the 3-bedroom segment at $31,644 annually may offer the most balanced entry point given its more moderate purchase price and reasonable occupancy.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$15,907 |
| 1 bedroom |
|
$14,886 |
| 2 bedrooms |
|
$23,755 |
| 3 bedrooms |
|
$31,644 |
| 4 bedrooms |
|
$42,230 |
| 5 bedrooms |
|
$56,905 |
| 6+ bedrooms |
|
$49,227 |
Parking (99%), kitchen access (96%), and self check-in (92%) are near-universal among Spokane listings, signaling that guests view these as baseline expectations rather than differentiators. Amenities like hot tubs (12%) and pet-friendliness (29%) are far less common, creating potential opportunities for hosts to stand out by offering features that remain relatively rare in this market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
99% |
| Kitchen |
|
96% |
| Self Check-in |
|
92% |
| Washer |
|
85% |
| Dryer |
|
84% |
| Workspace |
|
66% |
| Patio or Balcony |
|
57% |
| Backyard |
|
54% |
| Outdoor Furniture |
|
46% |
| BBQ Grill |
|
39% |
| Pets |
|
29% |
| Hot Tub |
|
12% |
| EV Charger |
|
7% |
| Gym |
|
5% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Spokane Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Spokane's ROI score of 56 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where healthy occupancy stability (above average) offsets a below-average revenue-to-price ratio driven by home values averaging nearly $576K against roughly $23,600 in annual revenue. Market growth trend and supply/demand balance both rate as average, suggesting steady but not explosive conditions. Investors should pair this score with local regulatory research and property-level underwriting to confirm that their specific acquisition can deliver the cash flow the market-level data suggests is achievable.
Understanding local STR regulations is essential before investing in Spokane. Here's the current regulatory landscape:
The City of Spokane and Washington State may require short-term rental operators to obtain permits, business licenses, or registration before listing a property. Investors should verify current requirements directly with the City of Spokane's planning or licensing departments, as rules can change and enforcement approaches vary.
Common restrictions in markets like Spokane can include occupancy limits per unit, minimum stay requirements, noise ordinances, off-street parking mandates, and limits on the number of permits issued. HOA covenants or neighborhood-specific rules may impose additional constraints, so reviewing any applicable deed restrictions before purchasing is essential.
Short-term rental hosts in Washington State are generally subject to state sales tax, local lodging taxes, and potentially tourism-related assessments. Platforms like Airbnb often collect and remit some of these taxes automatically, but operators should confirm their full tax obligations with a local accountant or the Washington Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Spokane can provide current regulatory guidance.
Financing an Airbnb investment in Spokane requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Spokane's STR market is expected to maintain its seasonal rhythm, with summer months continuing to drive the bulk of annual revenue. Occupancy stability — rated above average — suggests demand is resilient enough to support modest ADR growth in the range of 2–4%, particularly for well-positioned 4- and 5-bedroom properties that already command premium nightly rates. Supply growth has been notable at 128% year-over-year, so investors should monitor whether new listings begin to dilute occupancy rates. Overall, estimates point to a market that rewards operators who optimize pricing strategy during peak months while keeping costs lean through quieter winter periods."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month performance through April 2026 and may not capture very recent market shifts. Local regulations, tax obligations, and permit requirements are subject to change; investors should verify current rules with Spokane and Washington State authorities.
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