JeffCroweCRE

Housing market/Washington/ZIP 99224

ACS 2023 · FY2027 SAFMR

ZIP 99224 Spokane, Washington

Spokane, WA HUD Metro FMR Area · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
23,599
Households
10,047
Median HH income
$76,785
Renter share
37.6%
Median gross rent
$1,290
Vacancy
4.9%
Pop. change
+11.1%
2BR SAFMR
$1,560
SAFMR / rent
1.209×
2–49 unit stock
2,012
LIHTC proj / units
4 / 435
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 99224 · WA — sent to you.

ZIP 99224 · WA

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ACS rent vs 2BR SAFMR

ZIP 99224 — Spokane, WA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,290
2BR SAFMR$1,560
90% floor$1,404
110% ceiling$1,716

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 99224

  • 1-unit detached6,03257.1%
  • 1-unit attached3133.0%
  • 2–4 units2112.0%
  • 5–49 units1,80117.1%
  • 50+ units7086.7%
  • Mobile1,49414.1%
TypeUnitsShare
1-unit detached6,03257.1%
1-unit attached3133.0%
2 units (duplex)1431.4%
3–4 units680.6%
5–9 units4334.1%
10–19 units8037.6%
20–49 units5655.4%
50+ units7086.7%
Mobile1,49414.1%

2–4 unit share 2.0% · 5–49 unit share 17.1% · combined 2–49 19.1%.

Units by bedrooms

Studio
157
1BR
1,023
2BR
2,653
3BR
4,137
4BR
1,645
5+
944

Rent burden

Rent ≥30% of income44.7%
Rent ≥50% of income22.9%
  • ACS median gross rent $1,290 (all bedrooms, occupied rentals).
  • Median contract rent $1,171.
  • Renters paying ≥30% of income 44.7%; ≥50% 22.9%.
  • FY2027 2BR SAFMR $1,560 (1.209× ACS median gross rent).

Population

23,599 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +11.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 435 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,425 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 99224 37.6% of occupied households are renters; vacancy is 4.9%; ACS median gross rent is $1,290; population increased +11.1% between the 2018 and 2023 ACS vintages; the housing stock includes 211 units in 2–4-unit structures and 1,801 units in 5–49-unit structures; 4 LIHTC projects totaling 435 units; FY2027 2BR SAFMR is $1,560 versus ACS median gross rent of $1,290. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 99224 is a Census / HUD profile for Spokane, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 99224 — Spokane, WA HUD Section 8 Payment Standards / SAFMR·Washington ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
99001Spokane, WA HUD Metro FMR Area61.6%$1,271$1,60099003Spokane, WA HUD Metro FMR Area14.7%$850$1,41099005Spokane, WA HUD Metro FMR Area8.8%$1,185$1,58099011Spokane, WA HUD Metro FMR Area99.3%$1,681$2,00099012Spokane, WA HUD Metro FMR Area32.5%$1,039$1,38099014Spokane, WA HUD Metro FMR Area0.0%—$1,38099016Spokane, WA HUD Metro FMR Area24.6%$1,715$2,18099018Spokane, WA HUD Metro FMR Area27.3%—$1,38099019Spokane, WA HUD Metro FMR Area31.4%$1,790$2,20099020Spokane, WA HUD Metro FMR Area0.0%—$1,39099021Spokane, WA HUD Metro FMR Area9.3%$1,209$1,60099023Spokane, WA HUD Metro FMR Area0.0%—$2,020

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 99224?

ZIP 99224 (Spokane, WA HUD Metro FMR Area) has 23,599 residents, 10,047 households, a renter share of 37.6%, median household income of $76,785, and ACS 2023 median gross rent of $1,290. Vacancy is 4.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 99224?

ACS counts 143 units in 2-unit buildings, 68 in 3–4 unit buildings, 433 in 5–9, 803 in 10–19, and 565 in 20–49. Combined 2–49 unit stock is 2,012 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 99224?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,560. See the full schedule and 90–110% payment-standard band on the ZIP 99224 — Spokane, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 99224 is Census / HUD research for Spokane, WA HUD Metro FMR Area. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.