ZIP 99208 - 860Z200US99208 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99208, located in the Spokane area of Washington, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights provide a foundation for understanding the opportunities and challenges in this area.

Population & Households

ZIP 99208 is home to a population of 58,834 residents, making it a sizable community with a mix of families, professionals, and retirees. This area supports 23,404 households, reflecting a strong residential base. With 24,273 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental properties. The balance between population and housing suggests a stable community with room for moderate growth.

Income & Housing Costs

The median household income in ZIP 99208 stands at $81,084, which is a solid figure for the region and indicates a community with decent earning power. This income level supports a comfortable lifestyle for many residents and suggests potential spending power for local businesses. On the housing front, the median home value is $414,000, reflecting a robust real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation. For renters, the median rent is $1,226 per month, which is relatively affordable compared to the median income, making this area accessible to a range of household budgets.

Race & Ethnicity

The demographic makeup of ZIP 99208 is predominantly White, with 82.75% of the population identifying as such. Hispanic residents account for 5.47%, while Black and Asian populations are smaller at 2.22% and 1.95%, respectively. This composition points to a largely homogeneous community with some diversity, which may influence cultural dynamics, business offerings, and community services. For businesses or investors, understanding this breakdown can help tailor products, marketing, or property developments to the area’s primary demographic while considering opportunities to serve smaller but growing segments.

Key Facts

• Total population: 58,834 residents, offering a substantial market for businesses and services.
• Total households: 23,404, indicating a strong residential foundation.
• Total housing units: 24,273, with a small surplus suggesting potential availability.
• Median household income: $81,084, reflecting solid economic stability.
• Median home value: $414,000, a competitive figure for real estate investment.
• Median rent: $1,226, providing affordable options for renters.
• Racial composition: 82.75% White, 5.47% Hispanic, 2.22% Black, 1.95% Asian.

What This Means for You

For homebuyers, ZIP 99208 offers a promising market with a median home value of $414,000, which aligns with a community of stable earners (median income of $81,084). The slight surplus of housing units could mean less competition for properties, though prices reflect a strong demand. If you’re looking to rent, the median rent of $1,226 is manageable for many budgets, especially given the income levels here.

For investors and agents, the data points to a healthy real estate environment. The population size and household count suggest consistent demand for housing, while the median home value indicates potential for appreciation. The rental market also shows promise with reasonable rents that could attract tenants without straining affordability.

For small-business owners, a population of nearly 59,000 and a median income above $80,000 signal a customer base with disposable income. The predominantly White demographic, with smaller but notable Hispanic, Black, and Asian populations, suggests a primary market to target while exploring niche opportunities to serve diverse needs.

For analysts, these metrics provide a baseline for deeper research into growth trends, housing turnover, or economic shifts. The balance of income and housing costs, paired with demographic stability, makes ZIP 99208 a community worth monitoring for future opportunities.

Run This Study Yourself

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