98075, Sammamish, WA

The 98075 zip code of Sammamish, WA has a median home value of $525,000 and a median home equity of $171,500. This is higher than the statewide median home value of $250,000 and the national median home equity of $146,200. The 98075 zip code also has a higher than average percentage of homes with mortgages at 84%. This is higher than the statewide mortgage rate of 72% and the national mortgage rate of 64%.

Sammamish is an affluent suburb located in King County just north of Seattle. The population in the zip code was 34,821 as of 2016. The average household income in the zip code was $124,912 which is significantly higher than King County's average household income ($81,992). Approximately 82% of households in the zip code are owner-occupied while 18% are renter-occupied. The majority (84%)of households have mortgages which indicates that homeownership is prevalent in this area.

There has been an increase in home values over the past few years due to strong demand from buyers and limited supply. In addition to strong demand from buyers, there has been an increase in interest rates which makes buying a house more expensive. There are currently only around 1/3rds as many houses available for sale as there were five years ago so competition for homes is high.