Home Values

99016 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$200,700

  • 5.8% 1-year change
  • 4.2% 1-year forecast

The median home value in 99016 is $200,700. 99016 home values have gone up 5.8% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in 99016 is None. The median rent price in 99016 is $1,275, which is higher than the Spokane Valley median of $795.

Foreclosures will be a factor impacting home values in the next several years. In 99016 1.8 homes are foreclosed (per 10,000). This is lower than the Spokane Valley value of 4.8 and also lower than the national value of 3.0

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 99016 homeowners underwater on their mortgage is 15.8%, which is lower than Spokane Valley at 17.5%.

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Relative ZHVI
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99016 Market Overview

Data through Mar 31, 2015
  • $200,700 ZHVI
  • 4.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $206,375 Median sale price (Feb 28, 2015)
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99016 Market Health

Data through Mar 31, 2015
  • 5.1/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 15.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

1.8 homes 99016
4.8 homes Spokane Valley
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
99019 $251,700
99037 $199,100
99027 $198,900
Name Median ZHVI
99223 $197,600
99025 $187,100
99206 $161,600
Name Median ZHVI
99216 $151,900
99212 $136,300
99217 $131,300

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $138 Median sale price / sq ft
  • No data Listings with price cut
22.8%
Sold below listing
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99016 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,302 99016
    $1,187 Spokane Valley
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,275 Rent list price (Jan 31, 2015)
  • $0.80 Rent list price / sq ft (Jan 31, 2015)
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