98284, Sedro Woolley, WA

The 98284 zip code of Sedro Woolley, WA is located in the northwestern part of the state and has a population of just over 5,000. The median household income in this zip code is just under $60,000 and the median home value is just over $250,000. Home equity in this zip code has been growing at a very fast rate over the past few years and as of September 2017, it was worth an impressive $328,500. This high level of home equity can be attributed to several factors including strong job growth in the area, low interest rates and increased demand for housing due to rising prices across all markets.

Despite these positive trends, there are some risks associated with high levels of home equity. If there are any unforeseen financial problems or market crashes that affect the local economy, homeowners could find themselves struggling to repay their loans or lose all their money if they sell their homes at a lower price than they originally paid for them. It is important for homeowners to carefully consider their investment before making any decisions about refinancing or selling their homes and to always consult with a qualified financial advisor if they have any questions or concerns about their specific situation.