The story of this market
The typical home in ZIP 99201 sells for about $376,000, or $197 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 15 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,215 a month.
ZIP 99201 — Spokane
The Spokane housing market remains competitive with low inventory levels, though price growth has moderated compared to previous years. Demand is supported by steady inbound migration, while higher mortgage rates have cooled the rapid appreciation seen in the early 2020s. The market is currently characterized by a balance between limited supply and buyer sensitivity to interest rate fluctuations.
This ZIP is well-suited for urban professionals, commuters, and renters who prioritize proximity to downtown employment, transit, and cultural amenities.
Median prices moved down 1.2% year over year.
Homes spend a median of 15 days on market with 3.2 months of supply — a fast-moving market.
42% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 18.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 99201, Spokane County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable at the ZIP level; regional crime trends in Spokane are monitored by local law enforcement with periodic reporting on property and violent crime rates.
Public schools serving the area are part of the Spokane Public Schools district, which provides a range of educational services across the city.
The region faces standard Pacific Northwest climate risks, including seasonal wildfire smoke and occasional wind events; flood risk is localized to specific low-lying areas near the Spokane River.
Spokane serves as the economic hub for the Inland Northwest, with major employment sectors including healthcare, education, and government; development momentum is focused on urban infill and downtown revitalization.
Property taxes are assessed by the Spokane County Assessor based on local millage rates; Washington State does not impose a personal income tax, which influences the overall tax burden for residents.
ZIP 99201 is centrally located in downtown Spokane, offering high accessibility to major employment corridors via I-90 and local arterial roads.
The area features proximity to Riverfront Park, the Centennial Trail, and various urban amenities, including shopping and dining districts in the downtown core.
The rental market in 99201 is characterized by steady demand due to its central location, with a mix of historic apartments and newer multi-family developments.
The economy is anchored by healthcare systems like Providence and MultiCare, alongside education and government sectors.
The area is served by Spokane Transit Authority (STA) bus routes and provides easy access to I-90 for regional travel.
Development is focused on increasing housing density in the urban core and improving pedestrian infrastructure.
Spokane County Assessor manages property valuations for tax purposes using a mass appraisal system.
Parcels are subject to Spokane Public Schools and various utility districts for water and sewer services.
Property insurance premiums are influenced by regional wildfire risk and standard urban hazard profiles.
The region continues to see a sustained wave of inbound migration from coastal Washington and California.
Washington is primarily a non-judicial foreclosure state, with specific notice requirements for lenders.
Sellers are required to provide a comprehensive property disclosure statement regarding the condition of the home.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Flying Squirrel Trampoline Park4.310.8 mi
- Altitude Trampoline Park and Fitness & Welness Center Spokane4.26.9 mi
- Wonderland Family Fun Center46.5 mi
- Chuck E. Cheese4.210.6 mi
- Chuck E. Cheese46.4 mi
- Northern Quest Resort & Casino4.26.1 mi
- Spokane Arena4.40.6 mi
- Spokane Convention Center4.50.9 mi
- The Podium4.20.7 mi
- Golden Corral Buffet & Grill4.24.5 mi
- Manito Park4.81.8 mi
- Riverfront Park4.70.5 mi
- AMC River Park Square 204.50.4 mi
- Dave & Buster's Spokane4.110.2 mi
- Mirabeau Point Park4.79.7 mi
- Northwest Museum of Arts & Culture4.60.7 mi
- The Fox Theater4.80.3 mi
- Arbor Crest Wine Cellars4.68.9 mi
- Mobius Discovery Center4.60.4 mi
- Buck Knives4.520 mi
- Manito Park4.81.8 mi
- Riverfront Park4.70.5 mi
- Dwight Merkel Sports Complex4.64 mi
- Riverside State Park - Bowl and Pitcher Area4.73.9 mi
- Mirabeau Point Park4.79.7 mi
- Indian Canyon Golf Course4.42.2 mi
- Esmeralda Golf Course4.14.2 mi
- Downriver Golf Course4.22.5 mi
- Latah Creek Golf Course4.58.6 mi
- Creek at Qualchan Golf Course4.23.6 mi
- Spokane Valley Mall4.310.5 mi
- NorthTown Mall4.23.1 mi
- WinCo Foods4.37.4 mi
- Fred Meyer4.13.3 mi
- River Park Square4.40.4 mi
- Spokane International Airport4.45.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major urban park featuring the Spokane Falls and various recreational facilities.
A paved multi-use trail running through the city along the Spokane River.
The primary commercial and entertainment district of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.