98288, Skykomish, WA

Skykomish, WA is located in the northwestern corner of King County and is bordered by Snohomish County to the south. The 98288 zip code covers a total area of 9.8 square miles and has a population of just over 10,000 people. Home prices in the 98288 zip code have been on the rise for several years now, reaching an all-time high in 2017.

The median home price in the 98288 zip code was $539,500 in 2017, up from $495,000 in 2016 and $424,500 in 2015. Over the past five years (2013-2017), home prices have increased by an average of 7.4%. In terms of percent change, this is above the statewide average rate of 5.9% during that same time period.

One factor contributing to skyrocketing home prices in Skykomish is its proximity to Seattle – one of America’s most expensive housing markets – which has driven up demand for properties here. Additionally, Skykomish has seen strong job growth over the past few years which has led to increased demand for homes as well as higher incomes among local residents.

Despite these factors, not everyone believes that skyrocketing home prices are a bad thing. Some people believe that rising prices will help to stabilize neighborhoods and prevent them from becoming gentrified or “overpriced” like some areas of Seattle have experienced over time. Others believe that skyrocketing home values are simply a reflection of increasing consumer confidence and are not necessarily indicative of any underlying problems with the economy or housing market conditions overall