The story of this market
The typical home in ZIP 99216 sells for about $415,000, or $232 per square foot.
Prices are down 2.9% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 99216 — Spokane Valley
The 99216 housing market is currently experiencing a period of price stabilization following recent national trends, with a median home value of $415,000. While inventory remains competitive, the market is seeing a slight increase in days on market and a moderate share of price cuts, reflecting a more balanced environment for buyers compared to previous years.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban affordability and access to the broader Spokane employment core.
Median prices moved down 2.9% year over year.
Homes spend a median of 38 days on market with 3.5 months of supply — a fast-moving market.
42% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.0% — 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 8.6%/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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99216, 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.
Crime trends in Spokane Valley are generally consistent with regional averages for suburban areas, though property crime remains a primary focus for local law enforcement.
Schools serving the 99216 area are primarily part of the Central Valley School District, which is generally regarded as providing stable educational outcomes for the region.
The area faces standard regional risks including seasonal wildfire smoke and occasional high-wind events, with flood risks largely confined to specific low-lying areas near the Spokane River.
Economic momentum is driven by the Spokane Valley's role as a commercial hub, with ongoing development in retail and light industrial sectors along the I-90 corridor.
Property taxes are assessed by Spokane County based on local millage rates that include school district, city, and county levies; Washington State does not impose a personal income tax.
Residents benefit from direct access to the I-90 corridor, providing a straightforward commute to downtown Spokane or eastward toward Coeur d'Alene.
The area features proximity to the Spokane River Centennial Trail, several local parks, and convenient access to major retail shopping centers in Spokane Valley.
The rental market shows elevated vacancy rates around 8.7%, suggesting a competitive environment for landlords and potential softening in rent growth.
The economy is anchored by healthcare, retail, and manufacturing sectors, with significant employment hubs located throughout the Spokane Valley and downtown Spokane.
The area is served by the Spokane Transit Authority, with primary transit corridors running along major arterials like Sprague Avenue and the I-90 freeway.
Development is focused on mixed-use residential and commercial infill projects along the Sprague Avenue corridor.
The Spokane County Assessor maintains property valuations based on annual market analysis and physical inspections.
Parcels are subject to Central Valley School District levies and various local utility district assessments.
Property insurance premiums are influenced by regional wildfire risk assessments and standard Pacific Northwest weather patterns.
Data retrieved from data.census.gov ZCTA 99216 profile.
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 Park4.31.5 mi
- Altitude Trampoline Park and Fitness & Welness Center Spokane4.23.4 mi
- Wonderland Family Fun Center410.7 mi
- Chuck E. Cheese4.21.3 mi
- Chuck E. Cheese410 mi
- Northern Quest Resort & Casino4.216.4 mi
- Spokane Arena4.49.9 mi
- Spokane Convention Center4.59.4 mi
- Mt. Spokane Ski & Snowboard Park4.617.7 mi
- The Podium4.29.7 mi
- Manito Park4.89.6 mi
- Riverfront Park4.79.8 mi
- AMC River Park Square 204.510 mi
- Dave & Buster's Spokane4.10.1 mi
- Mirabeau Point Park4.70.9 mi
- Northwest Museum of Arts & Culture4.611 mi
- The Fox Theater4.810.1 mi
- Arbor Crest Wine Cellars4.62.4 mi
- Mobius Discovery Center4.610 mi
- Buck Knives4.59.6 mi
- Manito Park4.89.6 mi
- Riverfront Park4.79.8 mi
- Dwight Merkel Sports Complex4.612.6 mi
- Mirabeau Point Park4.70.9 mi
- Franklin Park4.49.7 mi
- Hagadone Marine Group4.418.8 mi
- Lakeside Water Rentals4.919.2 mi
- Resort Boat Rentals4.419.9 mi
- Templin's Marina4.312.6 mi
- Indian Canyon Golf Course4.412.4 mi
- Esmeralda Golf Course4.16.6 mi
- Creek at Qualchan Golf Course4.210.4 mi
- Downriver Golf Course4.211.9 mi
- Latah Creek Golf Course4.512.2 mi
- Spokane Valley Mall4.30.2 mi
- NorthTown Mall4.29.4 mi
- WinCo Foods4.33.2 mi
- Fred Meyer4.17.2 mi
- River Park Square4.410 mi
- Spokane International Airport4.415.5 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 regional paved trail following the Spokane River.
Primary regional shopping destination for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.