98422, Tacoma, WA

The Tacoma, WA 98422 zip code has a median home value of $269,000 and a median home equity of $146,000. This is a relatively high home value for the Tacoma area and indicates that there are many homes in this zip code that are worth more than the average home in the area. Additionally, the median home equity in this zip code is higher than the national average of $130,000. This suggests that there are many homeowners in this zip code who have a significant amount of equity in their homes.

One reason why the home value and equity in homes in this zip code are high is likely because there is a large number of affluent residents living here. The percentage of households earning over $100,000 annually is above the national average and indicates that many people who live in this zip code can afford to buy or build a house with a high value. Additionally, many homes here were built before 2007, which was when the housing market started to experience significant growth nationwide. As a result, these homes are likely more expensive than newer homes on the market today.