99207, Spokane, WA

The Spokane, WA zip code of 99207 has a median home value of $151,000 and a median home equity of $112,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price.

The reason that the majority of homes in this zip code are worth more than their original purchase price is because Spokane is a relatively affluent city. The average household income in this zip code is $60,000, which is considerably higher than the national average of $53,657. Additionally, the percentage of households who own their homes outright is high (86%) compared to the national average (63%). These factors combined mean that there are a lot of people who can afford to buy homes in this zip code and then invest the extra money they saved into them.

On the other hand, there are also a significant number of homes in this zip code that are worth less than their original purchase price. This is likely due to several factors: 1) low unemployment rates in Spokane (3% as opposed to 4% nationally), 2) low interest rates (4%), and 3) weak housing market conditions throughout much of Washington state. In addition, many people who live in this zip code have taken on considerable debt to buy their homes – either through mortgages or credit card loans – which makes it difficult for them to sell if they need to move or if prices decline significantly.