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Spokane Valley city, WA

ZIP 99216 — 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 99216

Median Home Value
$336,700
Median Rent
$1,211
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,163/mo PITI).

21%
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.

23.2 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 99216 in Spokane Valley city, WA, a household would need roughly $93,000 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 $2,163. That is about 33% above the local median household income ($69,958), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
45.6%-30% vs US avg
x
Vacancy Rate
8.4%-19% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
5.8%-54% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$336,700
Home Value
$1,211
Rent
1980
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached53.0%
  • 1-unit attached2.4%
  • 2-9 units10.3%
  • 10+ units33.1%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$336,700
Median rent$1,211
Owner-occupied45.6%
Vacant8.4%
Price-to-income4.8x
Est. income to buy$93,000