How much is a home worth in ZIP code 99216?

The typical home in 99216 is worth $410,464, based on the Zillow Home Value Index.

Are home values rising in 99216?

Home values in 99216 are up 0.3% over the past year, and up 4.0% a year over five years.

What is the typical rent in 99216?

A typical home in 99216 rents for about $1,512 a month, a gross rental yield of 4.4%.

What is the property tax rate in 99216?

The effective property tax rate in 99216 is 0.8% — roughly $3,193 a year on a typical home.

ZIP code 99216 has a population of 28,578 and a median household income of $74,278.

HousingHandbookReference data

…

U.S. ZIP Code · WA99216

Spokane County · Spokane-Spokane Valley, WA

Typical home value

$410,464^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.3%
5-year / yr: +4.0%
10-year / yr: +8.6%

Relative price

vs U.S.: +44.5%
vs metro: -3.3%
vs state: -18.4%

Price history

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

The typical home in 99216 is worth $410,464 — 3.3% below the Spokane-Spokane Valley, WA median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,512 a month — a 4.4% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,512^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,193^[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: 28,578^[3]
Median household income: $74,278^[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: 9
Elementary: 4
Middle: 1
High: 2

University High School
High · Grades 9–12 · Central Valley School District
1,395 students
East Valley High School
High · Grades 9–12 · East Valley School District (Spokane)
926 students
Trentwood School
Elementary · Grades PK–6 · East Valley School District (Spokane)
418 students
East Valley Middle School
Middle · Grades 7–8 · East Valley School District (Spokane)
390 students
Continuous Curriculum School
Elementary · Grades K–8 · East Valley School District (Spokane)
386 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 yield4.4%

Net yield (after ~40% expenses)2.7%

Annual rent$18,144

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$2,076

Loan principal$328,371

Down payment$82,093

Total interest paid$418,819

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 ratio1.78

Monthly cost to own$2,684

Monthly rent$1,512

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: 59th percentile^[1]
Rental yield: 58th percentile^[2]
Property tax: 64th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 99216?: The typical home in 99216 is worth $410,464, based on the Zillow Home Value Index.
Are home values rising in 99216?: Home values in 99216 are up 0.3% over the past year, and up 4.0% a year over five years.
What is the typical rent in 99216?: A typical home in 99216 rents for about $1,512 a month, a gross rental yield of 4.4%.
What is the property tax rate in 99216?: The effective property tax rate in 99216 is 0.8% — roughly $3,193 a year on a typical home.
Who lives in 99216?: ZIP code 99216 has a population of 28,578 and a median household income of $74,278.

#Comparable ZIPs

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

99148 vs 99216 →
Loon Lake CDP, WA
Typical home
$409,584
Gross yield
—
99004 vs 99216 →
Cheney, WA
Typical home
$423,302
Gross yield
4.1%
99206
Spokane Valley, WA
Typical home
$424,679
Gross yield
4.4%
99204
Spokane, WA
Typical home
$392,088
Gross yield
3.7%
99012
Fairfield, WA
Typical home
$390,875
Gross yield
—
99030
Rockford, WA
Typical home
$432,874
Gross yield
—

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#Jump to section

U.S. ZIP Code · WA99216

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