ZIP 99223 - 860Z200US99223 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 99223, located in the Spokane area of Washington, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 35,000 and a robust median household income, this area presents a blend of residential stability and economic potential. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in ZIP 99223.

Population & Households

ZIP 99223 is home to 35,848 residents, making it a moderately sized community with a strong residential base. The area supports 14,799 households, reflecting a mix of family and individual living arrangements. With 15,252 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic place to live or invest.

Income & Housing Costs

The median household income in ZIP 99223 stands at $91,377, indicating a relatively affluent community compared to national averages. This income level supports a strong local economy, which can be a draw for small businesses and service providers. On the housing front, the median home value is $457,200, reflecting a competitive real estate market that may appeal to buyers looking for long-term value or investors seeking appreciation potential. For renters, the median rent is $1,221 per month, offering a more accessible entry point into the area compared to purchasing. These figures highlight ZIP 99223 as a place where financial stability meets diverse housing options.

Race & Ethnicity

The demographic makeup of ZIP 99223 shows a predominantly white population at 79.08%, with smaller but notable representation from other groups: Black residents make up 3.72%, Asian residents account for 3.01%, and Hispanic or Latino individuals comprise 6.38%. This composition reflects a community with a majority demographic but enough diversity to foster a varied cultural landscape. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the blend of perspectives in the area.

Key Facts

• Total population: 35,848 residents in 2023.
• Total households: 14,799, supporting a strong community base.
• Total housing units: 15,252, suggesting potential availability for new occupants.
• Median household income: $91,377, indicating economic strength.
• Median home value: $457,200, reflecting a competitive housing market.
• Median rent: $1,221, offering a more affordable option for non-buyers.
• Racial composition: 79.08% white, 6.38% Hispanic, 3.72% Black, 3.01% Asian.

What This Means for You

For homebuyers, ZIP 99223 offers a stable and financially secure community with a median home value of $457,200, ideal for those looking to invest in a property with potential for appreciation. The slight surplus of housing units (15,252 total versus 14,799 households) may provide opportunities to find a home without intense competition. Investors and real estate agents can leverage the area’s strong median income of $91,377 as a sign of purchasing power, making it a promising market for rental properties or flips, especially with median rents at $1,221. Small-business owners will find a supportive customer base in this affluent and diverse community, where tailored services or products can meet varied needs. Analysts can use these metrics to benchmark ZIP 99223 against other regions, identifying trends in housing or demographic shifts. Across all groups, the data points to a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 99223? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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