89704, Washoe Valley, NV

Home Equity and Home Prices in the 89704 Zip Code of Washoe Valley, NV

The zip code of 89704 in Washoe Valley, Nevada has a median home value of $269,000. This is higher than the statewide median home value of $205,800. The zip code also has a higher percentage of homes with a mortgage than the statewide average. This may be due to the high demand for housing in this area or because more people have mortgages here.

There are also a number of factors that can affect home prices. For example, if there is an increase in demand for homes in an area, then prices will go up. If there is an increase in supply (more homes being built), then prices will go down.

Overall, it seems that the zip code of 89704 has a high median home value and a high percentage of homeowners with mortgages. This may be indicative of the strong demand for housing in this area or it could be due to some other factors that are not yet known.