98349, Lakebay, WA

The 98349 zip code of Lakebay, WA is located in the Seattle metropolitan area. The median home value in this zip code is $527,000 and the median home equity is $236,000. This means that approximately 53% of homes in this zip code are worth more than their original purchase price and 47% of homes have more equity than the original mortgage.

The average annual percentage rate on a 30-year fixed-rate mortgage in this zip code was 4.06% as of September 2017. This means that homeowners can borrow an average of $424,600 using a traditional loan product to purchase a home in this zip code. However, due to low interest rates and strong job growth in the Seattle metropolitan area, there are many options available for borrowers looking to purchase a home in this zip code. For example, borrowers can use a HELOC product to borrow money against their home equity or use a refinance product to take advantage of current low interest rates.

Overall, homeownership rates are high in the 98349 zip code and there are many options available for borrowers looking to purchase a home. Home prices have also been increasing over the past few years, making it an attractive option for buyers looking for an affordable place to live while enjoying excellent job opportunities and access to world-class amenities