98277, Oak Harbor, WA

The 98277 zip code of Oak Harbor, WA has a median home value of $269,000 and a median home equity value of $130,000. The Oak Harbor area has seen a moderate increase in home values over the past few years, with prices increasing by 5.5% from 2016 to 2017.

Home values in the 98277 zip code are moderately higher than the national average of $217,500. This may be due to the favorable economic conditions in Washington State which have led to an increase in job opportunities and wages. Additionally, Oak Harbor is located within close proximity to major metropolitan areas such as Seattle and Tacoma which may also contribute to its high home values.

Despite the recent uptick in prices, there is still room for appreciation in the Oak Harbor area. The median home value is only 10% above its pre-recession peak and could potentially reach $290,000 by 2021 if current trends continue. Homeowners who are interested in purchasing a property should do their research and consider investing in a property that meets their specific needs and desires.