ZIP Code · WA

ZIP 99206

Part of Spokane Valley, WA

Pop. 41,089·Spokane County·178th most expensive ZIP in Washington

Median rent (all units)

$1,654/mo

Year-over-Year

+4.4%

Month-over-Month

+1.2%

vs US Median

-$278

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99206 · $1,654

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

$1,010

1 BR

$1,090

2 BR

$1,400

3 BR

$1,910

4 BR+

$2,290

Research median

$1,400/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

Cheapest month to sign

December. Asking rents in ZIP 99206 usually run 2.3% below trend in December and 1.9% above it in August, about $69 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 99206 is at its highest level since Zillow's records here began in April 2021.

Past year vs. the rest of Washington

Rent in ZIP 99206 changed +4.4% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($81,764) is $2,044 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,910); a 4-bedroom is $2,290.

Rank in Spokane Valley

3rd cheapest of 4 ZIP codes in Spokane Valley.

Cheaper nearby

ZIP 99216, 4 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 99206. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,848/yr

At $1,654/mo median

Location

CitySpokane Valley

StateWA

CountySpokane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.4% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 99206 (Spokane Valley, WA) is majority owner-occupied, 29.2% of residents hold a bachelor's degree or higher.

Population

41,089

Median income

$81,764

Median age

40.1

Renters

38.5%

Age distribution

20.5%

23.2%

25.6%

19.4%

Under 1820.5%

18–3423.2%

35–5425.6%

55–6411.3%

65+19.4%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

85.5%

White85.5%

Black1.9%

Hispanic5.6%

Asian2.4%

Other4.7%

Education (25+)

26.7%

39.6%

29.2%

No HS diploma4.6%

HS diploma26.7%

Some college39.6%

Bachelor's+29.2%

Housing tenure

61.5%

38.5%

Owner61.5%

Renter38.5%

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

2021 vs 2026

How ZIP 99206 in Spokane Valley, WA has changed in 5 years

Rent

$1,273 → $1,654

up 29.9%

Income

$64,261 → $81,764

up 27.2%

Population

42,139 → 41,089

down 2.5%

Renter share

38% → 38.5%

+0.5 pts

Bachelor's+

25.6% → 29.2%

+3.6 pts

Median age

38.4 → 40.1

+1.7 yrs

Compared with 2021, rent in ZIP 99206 in Spokane Valley, WA has climbed by $381 per month, settling near $1,654 after starting the period at $1,273. Median household income grew from $64,261 to $81,764 between 2021 and 2024, a 27.2% shift. Headcount in the area went from 42,139 to 41,089 between 2021 and 2024, a 2.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.6% to 29.2%. Taken together, the five-year picture in ZIP 99206 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 99206

Last updated: October 17, 2026

ZIP code 99206 covers Spokane Valley, WA. The median rent here is $1,654/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,400/mo.

At 24% of local median household income ($81,764/yr), ZIP 99206 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99206?

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 $1,654/mo in ZIP 99206. The local median household income is $81,764/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99206?

Rent in ZIP 99206 has risen 4.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2021.

When is the cheapest time to rent in ZIP 99206?

Asking rents in ZIP 99206 are usually lowest in December, about 2.3% below their yearly trend, and highest in August, about 1.9% above it. At today's median that is a gap of roughly $69 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 99206 compare to other ZIPs in Washington?

ZIP 99206 is one of the more affordable among Washington ZIP codes for rent, ranking #178 of 207 at $1,654/mo. Over the year to September 2026, rent in ZIP 99206 changed +4.4%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.