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Spokane Valley city, WA

ZIP 99016 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 99016

Median Home Value
$450,000
Median Rent
$1,538
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,891/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 99016 in Spokane Valley city, WA, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,891. That is about 32% above the local median household income ($94,253), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
75.5%+15% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
10.3%-31% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
4.3%-38% vs US avg
x
Rent Burden >30%
29.1%-42% vs US avg
x
Mortgage-Free
29.6%-23% vs US avg
x
$450,000
Home Value
$1,538
Rent
2002
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.3%
  • 1-unit attached5.7%
  • 2-9 units3.0%
  • 10+ units6.5%
  • Mobile home & other6.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$450,000
Median rent$1,538
Owner-occupied75.5%
Vacant3.4%
Price-to-income4.8x
Est. income to buy$124,000