98223, Arlington, WA

Arlington, WA is a city located in the state of Washington. As of the 2010 census, the population was 203,924. The 98223 zip code covers most of Arlington and has a population density of 2,853 people per square mile (1,111/km²). Home equity is an important part of many Americans' lives and can be used for many purposes such as paying down debt or saving for a down payment on a house. In order to understand home equity in Arlington, we need to first look at home prices.

According to Zillow, the median home price in Arlington was $539,000 as of September 2017. This means that half of all homes in this zip code are worth more than $539,000 and half are worth less. Over the past year or so there has been an increase in home prices across all zip codes in Washington but Arlington has seen the largest increase by far (+21%). This suggests that there is strong demand for homes in this area and that buyers are willing to pay more for properties here than elsewhere in Washington.

One reason why home prices have increased so much over the past year or so may be due to low interest rates. Since 2007 when the housing market crashed there have been few opportunities to borrow money and get mortgages because interest rates were so high. However, since Trump was elected president interest rates have decreased which may be encouraging people to buy homes again.

Another factor that could be contributing to increased home prices is inflationary pressure caused by rising wages and costs associated with goods and services. When inflation increases it makes it harder for people who are trying to save money because their dollars will not go as far each month relative to when they were earning less money. Inflation also makes it harder for people who are already struggling financially because their income does not go as far each month relative to when it was growing slowly over time (i.e., deflation).

Overall then, we can see that there are many reasons why home values have increased significantly over the past year or so in Arlington including low interest rates and increasing wages/costs associated with goods & services . However , one thing that cannot be changed is how much people want or need homes which is evidenced by continued demand even amidst increasing costs