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Affordable
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These days, finding an affordable place to live in the 99016 area can be challenging. Home prices in 99016 are now at a median cost of $502,095, lower than the Washington average of $621,115.
The average cost of rent is $1,833/mo in 99016, primarily driven by the current value of real estate in the 99016 area. In 99016, 28.98% of households rent, and 31.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 99016 is $9,099 per month. Households that rent pay about 20.15% of their income on rent here. 99016’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 99037, WA: equally priced homes
- 99216, WA: less expensive homes
- 99019, WA: higher priced homes
- 99027, WA: less expensive homes
- 99206, WA: less expensive homes
- 99025, WA: equally priced homes
- 99212, WA: less expensive homes
- 99023, WA: higher priced homes
- 99217, WA: less expensive homes
- 99036, WA: higher priced homes
Zip Codes with Similar Populations
- 76574, TX: less expensive homes
- 33896, FL: less expensive homes
- 01721, MA: higher priced homes
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- 47834, IN: less expensive homes
- 48213, MI: less expensive homes
- 48214, MI: less expensive homes
- 53012, WI: less expensive homes
- 53716, WI: less expensive homes
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