ZIP 99207 - 860Z200US99207 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99207, located in Spokane, Washington, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 34,000 and a diverse community, this ZIP code presents a mix of affordability and opportunity. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in this neighborhood.

Population & Households

ZIP 99207 is home to 34,766 residents, making it a moderately sized community within the Spokane area. These individuals are distributed across 13,183 households, reflecting a vibrant and active local population. The total number of housing units stands at 13,673, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential vacancies for investors to consider.

Income & Housing Costs

The median household income in ZIP 99207 is $55,548, which provides a sense of the earning power and economic stability of the area. For homebuyers and investors, the median house value of $246,800 offers a relatively accessible entry point into the housing market, especially when compared to higher-priced regions in Washington state. Meanwhile, renters face a median monthly rent of $1,127, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy. These figures can help you gauge affordability and potential returns on investment in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 99207 reflects a predominantly white population at 76.39%, with smaller but notable representation from other groups. Black residents account for 4.21% of the population, Asian residents make up 3.26%, and Hispanic or Latino individuals represent 8.17%. This diversity contributes to a varied cultural landscape, which can be a draw for families, businesses, and community-focused investors looking to engage with a multifaceted neighborhood. Understanding this composition can also help small-business owners tailor their offerings to meet local needs.

Key Facts

• Total population: 34,766 residents in 2023.
• Total households: 13,183, supporting a community-oriented environment.
• Total housing units: 13,673, with some potential availability for new occupants.
• Median household income: $55,548, reflecting moderate earning capacity.
• Median house value: $246,800, an accessible price point for many buyers.
• Median rent: $1,127 per month, aligning with local income levels.
• Racial composition: 76.39% white, 8.17% Hispanic, 4.21% Black, 3.26% Asian.

What This Means for You

For homebuyers, ZIP 99207 offers a promising opportunity to purchase a home at a median value of $246,800, which is within reach for many budgets, especially with a median household income of $55,548. The slight surplus of housing units (13,673 total versus 13,183 households) may also mean less competition in the market. Real estate investors and agents can explore potential rental properties, given the median rent of $1,127, which could yield steady returns in a community of over 34,000 people. Small-business owners will find a diverse customer base, with a cultural mix that supports varied products and services. Analysts can use these metrics to benchmark ZIP 99207 against other areas, identifying trends in affordability and demographic shifts. Whether your goal is to settle down, grow wealth, or serve the community, this data provides a solid foundation for your next steps.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 99207? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions, whether you’re buying, investing, or planning a business venture.