98007, Bellevue, WA

Bellevue, Washington is a city located in King County, Washington. As of the 2010 census, Bellevue had a population of over 140,000 people. The city is home to many large companies such as Microsoft and Amazon. Bellevue has seen an increase in home prices over the past few years and currently ranks as one of the most expensive cities in the United States.

According to Zillow, the median home value in Bellevue is $1,085,000 which makes it one of the more expensive zip codes in America. The average list price for homes within this zip code has increased by almost 20% since 2016 and continues to rise each year. This rapid increase in home values has led to an increase in homeownership rates within this area as well as an influx of wealthy individuals who are looking to purchase homes here.

While there are many benefits that come with owning a home within Bellevue, there are also some risks associated with these high prices. Many people who are looking to purchase homes within this area may not be aware of these risks or may be unwilling to take them into account. Some potential risks that could affect homeowners include: rising interest rates, market crashes, and natural disasters like earthquakes or hurricanes. While these events can happen anywhere at any time, they can have a particularly negative impact on homeowners who have borrowed money against their homes equity. If you are considering purchasing a home within Bellevue be sure to do your research and understand all of your options!