JeffCroweCRE

Housing market/Washington/ZIP 99223

ACS 2023 · FY2027 SAFMR

ZIP 99223 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
35,848
Households
14,799
Median HH income
$91,377
Renter share
33.3%
Median gross rent
$1,221
Vacancy
3.0%
Pop. change
+13.4%
2BR SAFMR
$1,570
SAFMR / rent
1.286×
2–49 unit stock
2,726
LIHTC proj / units
8 / 1,073
HUD assisted MF
3 / 263

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 99223 · WA — sent to you.

ZIP 99223 · WA

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ACS rent vs 2BR SAFMR

ZIP 99223 — Spokane, WA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,221
2BR SAFMR$1,570
90% floor$1,413
110% ceiling$1,727

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

Housing stock

ACS 2023 units-in-structure · ZCTA 99223

  • 1-unit detached10,26767.4%
  • 1-unit attached4392.9%
  • 2–4 units6804.5%
  • 5–49 units2,04613.4%
  • 50+ units1,72311.3%
  • Mobile790.5%
TypeUnitsShare
1-unit detached10,26767.3%
1-unit attached4392.9%
2 units (duplex)1781.2%
3–4 units5023.3%
5–9 units7344.8%
10–19 units5223.4%
20–49 units7905.2%
50+ units1,72311.3%
Mobile790.5%

2–4 unit share 4.5% · 5–49 unit share 13.4% · combined 2–49 17.9%.

Units by bedrooms

Studio
546
1BR
1,993
2BR
2,947
3BR
4,093
4BR
3,820
5+
1,853

Rent burden

Rent ≥30% of income48.5%
Rent ≥50% of income22.9%
  • ACS median gross rent $1,221 (all bedrooms, occupied rentals).
  • Median contract rent $1,122.
  • Renters paying ≥30% of income 48.5%; ≥50% 22.9%.
  • FY2027 2BR SAFMR $1,570 (1.286× ACS median gross rent).

Population

35,848 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +13.4%.

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

Assisted inventory

  • LIHTC: 8 projects, 1,073 units.
  • HUD project-based assisted MF: 3 properties, 263 assisted units.
  • 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 99223 33.3% of occupied households are renters; vacancy is 3.0%; ACS median gross rent is $1,221; population increased +13.4% between the 2018 and 2023 ACS vintages; the housing stock includes 680 units in 2–4-unit structures and 2,046 units in 5–49-unit structures; 8 LIHTC projects totaling 1,073 units; FY2027 2BR SAFMR is $1,570 versus ACS median gross rent of $1,221. 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 99223 is a Census / HUD profile for Spokane, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 99223 — 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 99223?

ZIP 99223 (Spokane, WA HUD Metro FMR Area) has 35,848 residents, 14,799 households, a renter share of 33.3%, median household income of $91,377, and ACS 2023 median gross rent of $1,221. Vacancy is 3.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 99223?

ACS counts 178 units in 2-unit buildings, 502 in 3–4 unit buildings, 734 in 5–9, 522 in 10–19, and 790 in 20–49. Combined 2–49 unit stock is 2,726 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 99223?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,570. See the full schedule and 90–110% payment-standard band on the ZIP 99223 — Spokane, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 99223 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.