Home Insurance in Spokane, Washington
The median home value in Spokane is $363,500, 11% lower than the Spokane County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Spokane was built around 1961. About 50% of homes were built before 1960, about 19 points above Spokane County's 31%.
Housing in Spokane breaks down to 67% single-family homes, 24% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Spokane, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 59% of occupied homes in Spokane are owner-occupied.
54% of homes in Spokane are primarily heated with natural gas.
Spokane County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Spokane County had 273 active NFIP flood policies as of September 2026. See the full Spokane County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Washington, the statewide average premium for a standard HO-3 homeowners policy is $1,232 per year (NAIC, 2023 data).
Key figures
| Median home value | $363,500 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Spokane County | 273 |
| Home insurance premium | $1,232 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)