The story of this market
The typical home in ZIP 99223 sells for about $575,000, or $232 per square foot.
Prices are down 6.35% from a year ago, which gives buyers more room to negotiate. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,900 a month.
ZIP 99223 — Spokane
The 99223 housing market is currently characterized by low inventory and high demand, maintaining its status as a desirable residential area. While year-over-year prices have seen a slight correction, the market remains competitive with homes selling quickly. Buyers are primarily driven by the area's established amenities and proximity to major employment hubs.
This area is ideal for family buyers and professionals who prioritize access to established neighborhoods, quality parks, and a shorter commute to the Spokane employment core.
Median prices moved down 6.3% year over year.
Homes spend a median of 11 days on market with 3.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 99223, Spokane County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Spokane Public Schools, generally regarded as providing stable educational options within the regional context.
The region faces moderate wildfire risk during summer months and occasional high-wind events, typical of the Inland Northwest climate.
Economic momentum is driven by the broader Spokane healthcare, education, and professional services sectors, with steady residential infill development.
Property taxes are assessed by Spokane County based on local millage rates that include school district, city, and county levies; Washington State does not impose a personal income tax.
Residents typically commute via I-90 or arterial surface streets toward downtown Spokane, with travel times generally ranging from 15 to 25 minutes.
The ZIP features significant access to the South Hill's park system, including Manito Park and various trailheads, alongside proximity to local shopping centers.
The rental market remains competitive with limited vacancy, driven by demand from professionals and families seeking the South Hill lifestyle.
The economy is anchored by major regional employers in healthcare (Providence, MultiCare) and higher education (Gonzaga, Whitworth, EWU).
The area is served by Spokane Transit Authority bus routes, with primary access to the city core via arterial roads and I-90.
Development is focused on residential density increases and infrastructure upgrades to support the growing South Hill population.
The Spokane County Assessor maintains annual property valuations based on market sales data and physical inspections.
Parcels are subject to Spokane Public Schools levies and various utility district assessments for water and sewer services.
Property insurance premiums are stable but reflect regional wildfire risk mitigation requirements.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Flying Squirrel Trampoline Park4.37.6 mi
- Altitude Trampoline Park and Fitness & Welness Center Spokane4.26 mi
- Wonderland Family Fun Center412 mi
- Chuck E. Cheese4.27.5 mi
- Chuck E. Cheese411.5 mi
- Northern Quest Resort & Casino4.212 mi
- Coeur d'Alene Casino4.120 mi
- Spokane Arena4.46.9 mi
- Spokane Convention Center4.56.4 mi
- The Podium4.26.9 mi
- Manito Park4.85.2 mi
- Riverfront Park4.76.6 mi
- AMC River Park Square 204.56.6 mi
- Dave & Buster's Spokane4.18 mi
- Mirabeau Point Park4.78.2 mi
- Northwest Museum of Arts & Culture4.67.2 mi
- The Fox Theater4.86.6 mi
- Arbor Crest Wine Cellars4.68.4 mi
- Mobius Discovery Center4.66.7 mi
- Buck Knives4.516.8 mi
- Manito Park4.85.2 mi
- Riverfront Park4.76.6 mi
- Dwight Merkel Sports Complex4.610.8 mi
- Riverside State Park - Bowl and Pitcher Area4.710.8 mi
- Mirabeau Point Park4.78.2 mi
- Templin's Marina4.319.6 mi
- Indian Canyon Golf Course4.47.9 mi
- Esmeralda Golf Course4.17 mi
- Latah Creek Golf Course4.54.1 mi
- Downriver Golf Course4.29.4 mi
- Creek at Qualchan Golf Course4.24.2 mi
- Spokane Valley Mall4.38.1 mi
- NorthTown Mall4.28.7 mi
- WinCo Foods4.35.3 mi
- Fred Meyer4.14.7 mi
- River Park Square4.46.6 mi
- Spokane International Airport4.49.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic 90-acre park featuring botanical gardens, a conservatory, and playgrounds.
A collection of local boutiques, cafes, and grocery anchors serving the South Hill community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.