ZIP Code · WA

ZIP 99216

Part of Spokane Valley, WA

Pop. 28,578·Spokane County·195th most expensive ZIP in Washington

Median rent (all units)

$1,457/mo

Year-over-Year

+2.0%

Month-over-Month

-0.1%

vs US Median

-$475

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 99216 · $1,457

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,210

2 BR

$1,550

3 BR

$2,110

4 BR+

$2,540

Research median

$1,550/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 99216 is 0.1% below its high of $1,459 in August 2026, at $1,457 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 99216 changed +2.0% 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 8 of the last 12 months.

What a typical income covers

30% of the median household income ($74,278) is $1,857 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,550); a 3-bedroom is $2,110.

Rank in Spokane Valley

1st cheapest of 4 ZIP codes in Spokane Valley.

From Zillow's monthly rent index (ZORI) for ZIP 99216. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,484/yr

At $1,457/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 (+2.0% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 99216 (Spokane Valley, WA) is roughly split between renters and owners, 24.1% of residents hold a bachelor's degree or higher.

Population

28,578

Median income

$74,278

Median age

37.9

Renters

53%

Age distribution

19.6%

26.8%

24.6%

18.3%

Under 1819.6%

18–3426.8%

35–5424.6%

55–6410.7%

65+18.3%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

84.8%

White84.8%

Black1.2%

Hispanic8.8%

Asian0.9%

Other4.3%

Education (25+)

30%

41.1%

24.1%

No HS diploma4.9%

HS diploma30%

Some college41.1%

Bachelor's+24.1%

Housing tenure

47%

53%

Owner47%

Renter53%

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

2022 vs 2026

How ZIP 99216 in Spokane Valley, WA has changed in 5 years

Rent

$1,410 → $1,457

up 3.3%

Income

$56,114 → $74,278

up 32.4%

Population

27,597 → 28,578

up 3.6%

Renter share

54.4% → 53%

-1.4 pts

Bachelor's+

21.3% → 24.1%

+2.8 pts

Median age

35.6 → 37.9

+2.3 yrs

Across the past five years, the going rent in ZIP 99216 in Spokane Valley, WA has shifted from $1,410 to $1,457, up 3.3% since 2022. Household income in the area moved from $56,114 to $74,278 across the same window, up 32.4% versus 2021. 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 99216 in Spokane Valley, WA adding about 981 residents over the five-year window, up 3.6% on net. Bachelor's-degree-or-higher attainment moved from 21.3% to 24.1% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 99216 in Spokane Valley, WA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 99216

Last updated: October 17, 2026

ZIP code 99216 covers Spokane Valley, WA. The median rent here is $1,457/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,550/mo.

At 24% of local median household income ($74,278/yr), ZIP 99216 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99216?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,457/mo in ZIP 99216. The local median household income is $74,278/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99216?

Rent in ZIP 99216 has risen 2.0% over the past year as of September 2026. It sits 0.1% below its high of $1,459 in August 2026.

How does ZIP 99216 compare to other ZIPs in Washington?

ZIP 99216 is one of the more affordable among Washington ZIP codes for rent, ranking #195 of 207 at $1,457/mo. Over the year to September 2026, rent in ZIP 99216 changed +2.0%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.