What is the rental yield in Manito / Cannon Hill, Spokane, Washington?

Manito / Cannon Hill, Spokane, Washington has a gross yield of 4.5%. That yield comes with prices about 7% above Spokane and 38% below Washington, plus a 6.4% decline over the past year. The Red Flag score is 46.

How have prices changed in Manito / Cannon Hill, Spokane, Washington over the past year?

Manito / Cannon Hill, Spokane, Washington shows a 6.4% decline over the past year. Prices are still about 7% above Spokane and 38% below Washington, with a 4.5% gross yield and a Red Flag score of 46.

How does Manito / Cannon Hill compare with Spokane and Washington on price?

Manito / Cannon Hill, Spokane, Washington is about 7% above Spokane and 38% below Washington. That relative positioning sits alongside a 4.5% gross yield, a 6.4% decline over the past year, and a Red Flag score of 46.

What do walkability and education look like in Manito / Cannon Hill, Spokane, Washington?

Manito / Cannon Hill, Spokane, Washington has walkability of 60 and education in the 54th percentile. Those scores sit alongside a 4.5% gross yield, prices about 7% above Spokane and 38% below Washington, and a Red Flag score of 46.

Neighborhood

Manito / Cannon Hill

Spokane, Washington US

Manito / Cannon Hill, Spokane, Washington has an investment profile shaped by a 4.5% gross yield, prices about 7% above Spokane and 38% below Washington, and a 6.4% decline over the past year. Walkability is 60 and education is in the 54th percentile, while the Red Flag score of 46 suggests a moderate overall risk profile. The relative price discount to Washington is a key strength; the recent price decline is the main caution.

AI Summary•Updated May 2026

Area

1.48 mi²

ZIP Code

99203

County

Spokane County

State

Washington

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$534,841

YoY-6.4%

Gross Rental Yield

4.5%

Listed rent · ZORI annualized

Red Flag Index

Moderate

46 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

54 / 100

Fair · better than 54% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Manito / Cannon Hill Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Manito / Cannon Hill, Spokane.

Unlock the Manito / Cannon Hill 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$534,841	-6.4%
Price / Sq Ft (Verified)	$218/sqft	-7.3%
Asking Rent (Median)	$2,012/mo	+1.0%
Gross Rental Yield	4.5%	—
Liquidity Score	27 / 100	Low
Homes Sold (Period)	68	-29.2%

Is Manito / Cannon Hill Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Washington crime context.

Red Flag Breakdown

46 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Wildfire60High

Heat60High

Strong Wind60High

Flood40Moderate

Earthquake40Moderate

Hail40Moderate

Tornado20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Washington averaged 27.9 crimes and 3.3 violent per 1,000 residents (-13.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Active transaction volume — 68 homes sold last period

Insights are generated from Manito / Cannon Hill's live DistrictScore metrics.

Manito / Cannon Hill Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Washington-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

9.3 µg/m³ Above EPA annual standard+19.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Manito / Cannon Hill centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 99% of U.S. neighborhoods.

Washington Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.9	3.3	-13.0%
2023	32.5	3.6	-12.5%
2022	37.5	3.8	+11.9%
2021	33.7	3.4	+12.1%
2020	30.3	2.9	+0.9%
2019	30.3	3.0	—

Reported at the state level — the finest official US crime aggregation; Manito / Cannon Hill inherits the Washington figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Manito / Cannon Hill

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor7 nearbyVery High

Point-source screening near Manito / Cannon Hill: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Manito / Cannon Hill

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

60

Somewhat Walkable

Walkability Score

6

Grocery

16

Dining

5

Schools

0

Universities

3

Hospitals

1

Pharmacies

17

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Manito / Cannon Hill's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Manito / Cannon Hill vs Spokane vs Washington

How Manito / Cannon Hill benchmarks against its city and state medians.

Benchmark vs City & State

Across Manito / Cannon Hill, the median sale price sits about 7% above the median for Spokane neighborhoods and about 38% below the statewide median. Gross rental yield is 4.5%, against 4.5% for Spokane neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 6.4%. Transaction liquidity sits below the median for Spokane neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Manito / Cannon Hill	$218/sqft	4.5%	27
Spokane	$204/sqft	4.5%	33
Washington	$352/sqft	4.0%	32

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Buying Property in the US as a Foreigner

Federal & Washington tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.74% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No general income tax; the 7% capital gains tax exempts real estate.

Transfer Tax

Real estate transfer tax: REET graduated 1.1-3% (mansion-style).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

Statewide rent control caps rent increases (HB 1217; 9.683% max for 2026); transfer tax is mansion-style.

US citizens & tax residents6

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Washington property-tax guidance for foreign buyers

Latest Spokane Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Manito / Cannon Hill Real Estate FAQ

Manito / Cannon Hill, Spokane, Washington presents a 4.5% gross yield and prices about 7% above Spokane but 38% below Washington. The 6.4% decline over the past year and the Red Flag score of 46 suggest a mixed profile rather than a straightforward one.

Neighborhoods near Manito / Cannon Hill

Compare Manito / Cannon Hill with nearby neighborhoods in Spokane.

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