HousingHandbookReference data

U.S. ZIP Code · WA99218

Spokane County · Spokane-Spokane Valley, WA

Typical home value

$472,175[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.2%
5-year / yr
+3.6%
10-year / yr
+7.8%

Relative price

vs U.S.
+66.2%
vs metro
+11.2%
vs state
-6.2%
ZIP 99218 location in WA
Location of ZIP 99218 in WA

Price history

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

The typical home in 99218 is worth $472,175 — 11.2% above the Spokane-Spokane Valley, WA median. Over the past year, values have fallen 0.2%. Homes here rent for a typical $1,624 a month — a 4.1% 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
$1,624[2]
Gross yield
4.1%[2]
Cap rate
2.5%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$3,913[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
16,897[3]
Median household income
$80,733[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
3
Elementary
1
Middle
0
High
2
  • Mead Senior High School

    High · Grades 9–12 · Mead School District

    1,805 students

  • Brentwood Elementary School

    Elementary · Grades K–5 · Mead School District

    482 students

  • Lumen High School

    High · Grades 9–12 · Lumen Public School

    27 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.

Gross yield4.1%
Net yield (after ~40% expenses)2.5%
Annual rent$19,488

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.

Monthly payment$2,388
Loan principal$377,740
Down payment$94,435
Total interest paid$481,787

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.

Own : rent ratio1.91
Monthly cost to own$3,108
Monthly rent$1,624

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
25th percentile[1]
Rental yield
37th percentile[2]
Property tax
86th percentile[3]

Frequently asked

How much is a home worth in ZIP code 99218?
The typical home in 99218 is worth $472,175, based on the Zillow Home Value Index.
Are home values rising in 99218?
Home values in 99218 are down 0.2% over the past year, and up 3.6% a year over five years.
What is the typical rent in 99218?
A typical home in 99218 rents for about $1,624 a month, a gross rental yield of 4.1%.
What is the property tax rate in 99218?
The effective property tax rate in 99218 is 0.8% — roughly $3,913 a year on a typical home.
Who lives in 99218?
ZIP code 99218 has a population of 16,897 and a median household income of $80,733.

#Comparable ZIPs

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

  • Deer Park, WA

    Typical home
    $467,072
    Gross yield
    5.3%
  • Spokane, WA

    Typical home
    $464,175
    Gross yield
    4.3%
  • Spokane Valley, WA

    Typical home
    $488,525
    Gross yield
    3.8%
  • WA

    Typical home
    $490,392
    Gross yield
  • Spokane, WA

    Typical home
    $491,800
    Gross yield
    4.9%
  • Otis Orchards-East Farms CDP, WA

    Typical home
    $496,014
    Gross yield

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