ZIP Code · WA

ZIP 99016

Part of Spokane Valley, WA

Pop. 21,615·Spokane County·175th most expensive ZIP in Washington

Median rent (all units)

$1,658/mo

Year-over-Year

+1.4%

Month-over-Month

Stable

vs US Median

-$274

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 99016 · $1,658

More affordable than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,520

1 BR

$1,640

2 BR

$2,110

3 BR

$2,880

4 BR+

$3,450

Research median

$2,110/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 99016 is 0% below its high of $1,658 in August 2026, at $1,658 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 99016 changed +1.4% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

What a typical income covers

30% of the median household income ($103,472) is $2,587 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,110); a 3-bedroom is $2,880.

Rank in Spokane Valley

4th cheapest of 4 ZIP codes in Spokane Valley.

Cheaper nearby

ZIP 99216, 8 miles away, rents for 12% less ($1,457/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99016. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,896/yr

At $1,658/mo median

Location

CitySpokane Valley

StateWA

CountySpokane County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.4% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 99016 (Spokane Valley, WA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 39.3% of residents hold a bachelor's degree or higher.

Population

21,615

Median income

$103,472

Median age

38.6

Renters

22.4%

Age distribution

25.4%

19.3%

27.5%

13.1%

14.7%

Under 1825.4%

18–3419.3%

35–5427.5%

55–6413.1%

65+14.7%

Gender

47%

53%

Male47%

Female53%

Race & ethnicity

83.4%

White83.4%

Black1.1%

Hispanic10.3%

Asian5.2%

Education (25+)

22.7%

32.9%

39.3%

No HS diploma5.1%

HS diploma22.7%

Some college32.9%

Bachelor's+39.3%

Housing tenure

77.6%

22.4%

Owner77.6%

Renter22.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 99016 in Spokane Valley, WA has changed in 5 years

Rent

$1,578 → $1,658

up 5.1%

Income

$81,348 → $103,472

up 27.2%

Population

17,913 → 21,615

up 20.7%

Renter share

20.6% → 22.4%

+1.8 pts

Bachelor's+

43.5% → 39.3%

-4.2 pts

Rent in ZIP 99016 in Spokane Valley, WA has increased 5.1% since 2023, going from about $1,578 per month to roughly $1,658 today. Household income in the area moved from $81,348 to $103,472 across the same window, up 27.2% versus 2021. Income growth outran rent by about 22.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 17,913 to 21,615 between 2021 and 2024, a 20.7% change. About 22.4% of households rent today, against 20.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 43.5% to 39.3%. Reading these numbers side by side helps frame whether current listings in ZIP 99016 in Spokane Valley, WA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 99016

Last updated: October 17, 2026

ZIP code 99016 covers Spokane Valley, WA. The median rent here is $1,658/mo as of October 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $2,110/mo.

At 19% of local median household income ($103,472/yr), ZIP 99016 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99016?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,658/mo in ZIP 99016. The local median household income is $103,472/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99016?

Rent in ZIP 99016 has risen 1.4% over the past year as of September 2026. It sits 0% below its high of $1,658 in August 2026.

How does ZIP 99016 compare to other ZIPs in Washington?

ZIP 99016 is one of the more affordable among Washington ZIP codes for rent, ranking #175 of 207 at $1,658/mo. Over the year to September 2026, rent in ZIP 99016 changed +1.4%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.