98407, Tacoma, WA

The 98407 zip code of Tacoma, WA has a median home value of $269,000 and a median home equity of $115,000. The 98407 zip code is located in the south-central part of the state and has a population of around 100,000. The 98407 zip code has seen an increase in home values over the past few years as the local economy continues to grow.

There are several factors that have contributed to the increase in home values in the 98407 zip code. First, there is an abundance of jobs and businesses in the area which has led to increased demand for housing. Second, there is low unemployment rates which means that people are able to afford more expensive homes. Finally, many people are investing in property in this area due to its long-term stability and growth potential.

Despite these positive trends, there are some challenges facing homeowners in the 98407 zip code. One issue is that prices can be volatile – they can go up or down significantly from one year to the next. Another challenge is that interest rates have been relatively low for a long time which means that it may be difficult for homeowners to get enough money back on their investments when they sell their homes.