How much is a home worth in ZIP code 99205?

The typical home in 99205 is worth $323,531, based on the Zillow Home Value Index.

Are home values rising in 99205?

Home values in 99205 are down 0.5% over the past year, and up 3.8% a year over five years.

What is the typical rent in 99205?

A typical home in 99205 rents for about $1,497 a month, a gross rental yield of 5.6%.

What is the property tax rate in 99205?

The effective property tax rate in 99205 is 0.7% — roughly $2,400 a year on a typical home.

ZIP code 99205 has a population of 43,169 and a median household income of $77,374.

HousingHandbookReference data

…

U.S. ZIP Code · WA99205

Spokane County · Spokane-Spokane Valley, WA

Typical home value

$323,531^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +3.8%
10-year / yr: +9.1%

Relative price

vs U.S.: +13.9%
vs metro: -23.8%
vs state: -35.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 99205 is worth $323,531 — 23.8% below the Spokane-Spokane Valley, WA median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $1,497 a month — a 5.6% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,497^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,400^[3]

#Climate risk

FEMA National Risk Index ratings for Spokane County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 43,169^[3]
Median household income: $77,374^[3]

#Migration

Household moves in and out of Spokane County over a year, from IRS tax-return data.

Net migration: +581^[5]
Moved in: 12,260
Moved out: 11,679

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 18
Elementary: 9
Middle: 2
High: 6

North Central High School
High · Grades 6–12 · Spokane School District
1,624 students
Shadle Park High School
High · Grades 9–12 · Spokane School District
1,423 students
Pauline Flett Middle School
Middle · Grades 6–8 · Spokane School District
581 students
Glover Middle School
Middle · Grades 6–8 · Spokane School District
485 students
Audubon Elementary
Elementary · Grades PK–5 · Spokane School District
408 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$17,967

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,636

Loan principal$258,825

Down payment$64,706

Total interest paid$330,117

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.41

Monthly cost to own$2,105

Monthly rent$1,497

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 39th percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 50th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for highest rental yield in WAView list →

Frequently asked

How much is a home worth in ZIP code 99205?: The typical home in 99205 is worth $323,531, based on the Zillow Home Value Index.
Are home values rising in 99205?: Home values in 99205 are down 0.5% over the past year, and up 3.8% a year over five years.
What is the typical rent in 99205?: A typical home in 99205 rents for about $1,497 a month, a gross rental yield of 5.6%.
What is the property tax rate in 99205?: The effective property tax rate in 99205 is 0.7% — roughly $2,400 a year on a typical home.
Who lives in 99205?: ZIP code 99205 has a population of 43,169 and a median household income of $77,374.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

99201 vs 99205 →
Spokane, WA
Typical home
$329,018
Gross yield
4.3%
99018 vs 99205 →
Latah, WA
Typical home
$316,226
Gross yield
—
99202
Spokane, WA
Typical home
$314,723
Gross yield
5.6%
99173
Springdale, WA
Typical home
$311,618
Gross yield
—
99114
Colville, WA
Typical home
$337,668
Gross yield
—
99109
Chewelah, WA
Typical home
$347,213
Gross yield
—

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#Jump to section

U.S. ZIP Code · WA99205

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