ZIP Code Market Report · Updated May 2026
Is 99201 a Buyer's
or Seller's Market?
📍 Spokane, Washington · WA
64
🔵 COOLING
Buyer has leverage
32 days avg on market · Tax rate: 1.05%/yr
Mortgage Breakdown — 99201
Median Price$355,000
20% Down$71,000
Loan Amount$284,000
Rate (~6.7%)$1,832/mo P&I
Property Tax$310/mo
Total PITI$2,289/mo
Income Needed$76,300/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
18.9%
of FHA applications denied in Spokane-Spokane Valley, WA, 2025 · national 22.1%
United Wholesale Mortgage
15.9% A 19.6-point spread between the busiest FHA lenders in this metro.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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