98045, North Bend, WA

The 98045 zip code of North Bend, WA is located in the Cascade Mountains and has a population of approximately 10,000. The median home value in this zip code is $290,000 and the median household income is $73,500. The average home equity in this zip code is $172,500 and the average household debt is $141,000.

The 98045 zip code has a high home equity rate because it has a low unemployment rate and a high percentage of residents who own their homes. The high home equity rate also reflects the fact that there are many affluent residents in this zip code. In addition, the 98045 zip code has a low foreclosure rate which indicates that homeowners are able to keep their homes for long periods of time.

Despite the high home equity rate and low foreclosure rate in the 98045 zip code, there have been some concerns raised about the stability of the housing market in this area. One reason for these concerns is that there are a lot of new development projects underway in North Bend which could lead to an increase in housing prices. Another reason for concern is that interest rates have been increasing recently which could make it more difficult for homeowners to pay off their debts.