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Spokane Valley city, WA

ZIP 99037 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 99037

Median Home Value
$446,700
Median Rent
$1,159
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,869/mo PITI).

17%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.1 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 99037 in Spokane Valley city, WA, a household would need roughly $123,000 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 $2,869. That is about 47% above the local median household income ($83,886), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.3%-0% vs US avg
x
Vacancy Rate
2.1%-80% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
13.5%-9% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
2.7%-61% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
38.1%-0% vs US avg
x
$446,700
Home Value
$1,159
Rent
1995
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 detached66.3%
  • 1-unit attached5.0%
  • 2-9 units4.3%
  • 10+ units21.7%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$446,700
Median rent$1,159
Owner-occupied65.3%
Vacant2.1%
Price-to-income5.3x
Est. income to buy$123,000