98406, Tacoma, WA

Home Equity and Home Prices in the 98406 Zip Code of Tacoma, WA

The 98406 zip code of Tacoma, WA has a median home value of $269,000. This is significantly higher than the national median home value of $177,500. The 98406 zip code also has a high rate of home equity (77%). This means that homeowners in this zip code have a significant amount of equity in their homes.

This high level of home equity is likely due to the strong economy and low unemployment rates in the area. It is also likely due to the fact that many homeowners in this zip code are able to afford to pay off their mortgages relatively quickly. In addition, many homeowners in this zip code are able to use their home equity to purchase additional property or invest in other ventures.

Overall, it appears that homeownership and home values are very high in the 98406 zip code of Tacoma, WA. This may make it difficult for potential buyers or renters to find properties that fit their needs or budget. However, if you are looking for a location with strong economic prospects and high levels of home equity, the 98406 zip code may be a good choice for you