98278, Oak Harbor, WA

Home Equity and Home Prices in the 98278 Zip Code of Oak Harbor, WA

There is no doubt that home equity is one of the most important assets a person can have. It gives individuals the ability to borrow money against their homes, pay off debt, and save for retirement. In addition, home prices are an important factor in determining a person's wealth. The average home price in the 98278 zip code of Oak Harbor was $482,500 as of September 2017. This represents a 6% increase from the $461,000 average home price in September 2016.

The reason for this increase is likely due to both local and national factors. On the local side, there has been an influx of new residents into Oak Harbor who are looking for affordable housing options. This has driven up demand for homes and increased prices accordingly. In addition, interest rates have remained relatively low throughout much of 2017 which has helped to boost home values even further.

On the national level, there has been a resurgence in interest in buying homes overall due to strong economic conditions and low interest rates. This has helped to drive up demand for properties across all markets nationwide, including Oak Harbor.

Overall, it is clear that home equity and home prices are continuing to rise in the 98278 zip code of Oak Harbor. If you are interested in purchasing or selling a property within this area, it is important to consult with a qualified real estate agent who can help you determine your best course of action