ZIP Code · WA

ZIP 99037

Part of Spokane Valley, WA

Pop. 16,522·Spokane County·183rd most expensive ZIP in Washington

Median rent (all units)

$1,603/mo

Year-over-Year

+0.9%

Month-over-Month

Stable

vs US Median

-$329

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 99037 · $1,603

More affordable than 65% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,280

2 BR

$1,640

3 BR

$2,240

4 BR+

$2,680

Research median

$1,640/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 99037 is 2.2% below its high of $1,639 in August 2021, at $1,603 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 99037 changed +0.9% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($87,713) is $2,193 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,640); a 3-bedroom is $2,240.

Rank in Spokane Valley

2nd cheapest of 4 ZIP codes in Spokane Valley.

Cheaper nearby

ZIP 99207, 10 miles away, rents for 10% less ($1,439/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99037. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,236/yr

At $1,603/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 (+0.9% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 99037 (Spokane Valley, WA) is majority owner-occupied, 33.5% of residents hold a bachelor's degree or higher.

Population

16,522

Median income

$87,713

Median age

37.1

Renters

35.4%

Age distribution

24.1%

22.2%

26.2%

12.5%

15%

Under 1824.1%

18–3422.2%

35–5426.2%

55–6412.5%

65+15%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

82.7%

White82.7%

Black1.1%

Hispanic6.7%

Asian1.7%

Other7.7%

Education (25+)

23.9%

37.5%

33.5%

No HS diploma5%

HS diploma23.9%

Some college37.5%

Bachelor's+33.5%

Housing tenure

64.6%

35.4%

Owner64.6%

Renter35.4%

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

2021 vs 2026

How ZIP 99037 in Spokane Valley, WA has changed in 5 years

Rent

$1,373 → $1,603

up 16.8%

Income

$69,928 → $87,713

up 25.4%

Population

15,647 → 16,522

up 5.6%

Renter share

33.4% → 35.4%

+2.0 pts

Bachelor's+

26.6% → 33.5%

+6.9 pts

Median age

39 → 37.1

-1.9 yrs

Five years ago, renters in ZIP 99037 in Spokane Valley, WA paid around $1,373 a month. That figure now sits near $1,603, up 16.8% from the 2021 baseline. Median household income climbed from $69,928 to $87,713 between 2021 and 2024, a 25.4% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 99037 in Spokane Valley, WA adding about 875 residents over the five-year window, up 5.6% on net. The renter share has risen from 33.4% to 35.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 26.6% to 33.5% across the same window. Taken together, the five-year picture in ZIP 99037 in Spokane Valley, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 99037

Last updated: October 17, 2026

ZIP code 99037 covers Spokane Valley, WA. The median rent here is $1,603/mo as of October 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,640/mo.

At 22% of local median household income ($87,713/yr), ZIP 99037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99037?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,603/mo in ZIP 99037. The local median household income is $87,713/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99037?

Rent in ZIP 99037 has risen 0.9% over the past year as of September 2026. It sits 2.2% below its high of $1,639 in August 2021.

How does ZIP 99037 compare to other ZIPs in Washington?

ZIP 99037 is one of the more affordable among Washington ZIP codes for rent, ranking #183 of 207 at $1,603/mo. Over the year to September 2026, rent in ZIP 99037 changed +0.9%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.