ZIP 99216 - 860Z200US99216 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99216, located in the Spokane Valley area of Washington, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 28,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics—population, income, housing costs, and diversity—to help you make informed decisions about this ZIP code.

Population & Households

ZIP 99216 is home to 28,056 residents, making it a moderately sized community with a suburban feel. These individuals are spread across 11,641 households, reflecting a balance of families, singles, and retirees. The total number of housing units stands at 12,703, 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 inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 99216 is $69,958, which positions this area as a middle-income community. This income level supports a comfortable lifestyle for many residents and provides a stable customer base for local businesses. On the housing front, the median home value is $336,700, reflecting a solid real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,307 per month, which aligns with the income levels and offers a viable option for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 99216 is predominantly White, with 83.43% of the population identifying as such. Hispanic or Latino residents account for 8.23% of the population, while Black and Asian communities represent smaller shares at 1.19% and 0.63%, respectively. This composition suggests a relatively homogenous community with some diversity, which may influence cultural amenities, business offerings, and community dynamics. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the local population.

Key Facts

• Total population: 28,056 residents in ZIP 99216 as of 2023.
• Total households: 11,641, indicating a mix of family and individual living arrangements.
• Total housing units: 12,703, with some vacancy or availability for new residents.
• Median household income: $69,958, supporting a stable middle-income community.
• Median home value: $336,700, reflecting a competitive yet accessible housing market.
• Median rent: $1,307, offering a reasonable alternative for non-buyers.
• Racial composition: 83.43% White, 8.23% Hispanic, 1.19% Black, and 0.63% Asian.

What This Means for You

For homebuyers, ZIP 99216 offers a promising market with a median home value of $336,700, which is within reach for many middle-income earners. The slight surplus of housing units (12,703 total versus 11,641 households) may provide negotiating power or more options to choose from. If renting is your preference, the median rent of $1,307 aligns well with local income levels, making it a feasible choice.

For investors and real estate agents, the data points to potential in both buying and renting markets. With a stable median income of $69,958, residents have the purchasing power to support rental properties or home sales. The housing unit surplus could also mean opportunities for flipping or long-term rental investments, especially in a growing area like Spokane Valley.

For small-business owners, the population of 28,056 and a predominantly White demographic with some Hispanic representation suggest a customer base that may value localized, community-focused services. The median income indicates disposable income for goods and services, making this ZIP code a viable spot for retail, dining, or professional offerings.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing demand, or demographic shifts in ZIP 99216. The balance of income and housing costs, paired with a relatively homogenous population, offers a stable starting point for forecasting or comparative studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 99216? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.