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Spokane city, WA

ZIP 99208 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 99208

Median Home Value
$414,000
Median Rent
$1,111
Affordability Snapshot
$114,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,659/mo PITI).

16%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

31.1 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 99208 in Spokane city, WA, a household would need roughly $114,000 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 $2,659. That is about 41% above the local median household income ($81,084), 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
65.0%-1% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
13.7%-8% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$414,000
Home Value
$1,111
Rent
1986
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 attached3.4%
  • 2-9 units7.8%
  • 10+ units20.7%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$414,000
Median rent$1,111
Owner-occupied65.0%
Vacant3.6%
Price-to-income5.1x
Est. income to buy$114,000