98367, Port Orchard, WA

The 98367 zip code of Port Orchard, WA is located in the southwest corner of King County and includes a population of just over 36,000 people. The median home value in this zip code is $527,500 and the median home equity is $157,500. This means that approximately one-third of all homes in this zip code are worth more than their original purchase price. Additionally, the average home value growth rate for this zip code over the past five years has been 5%.

One reason that homes in this zip code are so valuable is that they are located close to both Seattle and Tacoma. This proximity makes it easy for people to commute to work and also allows them to access a wide variety of amenities and shopping options. Additionally, many homes in this area were built before zoning laws became stricter and now have large lot sizes that make them ideal for raising a family or investing in property.

Despite these positive factors, there are some challenges facing homeowners in the 98367 zip code. One issue is that there has been a recent increase in housing prices throughout King County which has made it more difficult for people who have not been able to afford to buy a home recently to enter the market. Additionally, there has been an increase in demand for single-family homes which has led some developers to build larger properties instead of smaller units which can be more affordable for families.