98382, Sequim, WA

The 98382 zip code of Sequim, WA has a median home value of $236,000. The home equity in this zip code is $118,000. This means that the average homeowner in this zip code has over 50% of their home equity invested in their home. This is significantly higher than the national average of 33%.

This high level of equity is likely due to the low unemployment rate and strong economy in the 98382 zip code. Additionally, Sequim is a desirable location with plenty of amenities and access to nature. These factors are likely contributing to the high levels of homeownership and home equity in this area.

Despite these positive trends, there are some risks associated with owning a home in the 98382 zip code. One such risk is potential market volatility caused by global economic conditions or political events. Another risk is that interest rates could rise over time, causing borrowers to lose money on their investments.

Overall, homeownership and home equity are strong indicators of financial security for residents in the 98382 zip code. While there are some risks associated with owning a home, these trends suggest that homeownership remains an important part of American life today.