Spokane Rental Market Analysis
Single Family Properties
January 2000-2009
BOM	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009
2 Bedroom
Average Rent	$    547	$    559	$    572	$    586	$        597	$       611	$    628	$    656	$    683	$       716
Total Units	2,320	2,321	2,254	2,072	1,979	1,805	1,760	1,637	1,376	1,291
Vacant Units	154	142	162	161	124	116	112	96	66	99
Vacancy Trend	6.64%	6.12%	7.19%	7.77%	6.27%	6.43%	6.36%	5.86%	4.80%	7.67%
3 Bedroom
Average Rent	$    712	$    729	$    753	$    769	$        767	$       781	$    823	$    858	$    904	$       946
Total Units	1,970	1,957	1,951	1,831	1,768	1,679	1,881	2,003	1,825	1,761
Vacant Units	143	111	132	130	115	109	141	146	135	150
Vacancy Trend	7.26%	5.67%	6.77%	7.10%	6.50%	6.49%	7.50%	7.29%	7.40%	8.52%
4 Bedroom
Average Rent	$    831	$    867	$    883	$    892	$        883	$       903	$    957	$    990	$ 1,049	$    1,100
Total Units	772	776	777	728	681	664	750	797	809	830
Vacant Units	61	41	50	46	39	45	60	51	61	81
Vacancy Trend	7.90%	5.28%	6.44%	6.32%	5.73%	6.78%	8.00%	6.40%	7.54%	9.76%
5 Bedroom
Average Rent	$    978	$ 1,006	$ 1,035	$ 1,045	$     1,081	$    1,102	$ 1,147	$ 1,195	$ 1,229	$    1,318
Total Units	168	154	164	134	123	118	152	180	190	210
Vacant Units	19	13	9	6	7	10	13	12	21	23
Vacancy Trend	11.31%	8.44%	5.49%	4.48%	5.69%	8.47%	8.55%	6.67%	11.05%	10.95%
Total Market
Average Rent	$    665	$    682	$    702	$    716	$        719	$       737	$    780	$    822	$    874	$       924
Total Units	5,230	5,208	5,146	4,765	4,551	4,266	4,543	4,617	4,200	4,092
Vacant Units	377	307	353	343	285	280	326	305	283	353
Vacancy Trend	7.21%	5.89%	6.86%	7.20%	6.26%	6.56%	7.18%	6.61%	6.74%	8.63%
Ten Year Average Vacancy Trend =					6.91%