98001, Auburn, WA

Auburn, WA is located in King County and has a population of around 60,000. The median home value in the zip code is $273,000 which is above the national median home value of $177,500. Home equity in Auburn has increased significantly over the past few years and currently stands at around $280,000. This high level of home equity can be attributed to several factors including low interest rates and strong job growth in the area.

The majority of homes in Auburn are owner-occupied which contributes to the high level of home equity. Additionally, there is a large number of families with children living in the zip code which also contributes to the high level of home equity. There are also a number of retirees living in Auburn which accounts for a small percentage but still contributes to the overall increase in home equity.

Despite this positive trend, there are some challenges that face homeowners in Auburn. One issue is that there is a limited supply of housing available which has led to increased prices and higher levels of home equity. Another challenge facing homeowners is that they may need to take on additional debt to purchase a house due to low interest rates.