98467, University Place, WA

Home Equity and Home Prices in the 98467 Zip Code of University Place, WA

The home equity and home prices in the 98467 zip code of University Place, WA are very high. The median home value in this zip code is $1,895,000. This is a significantly higher home value than the national median home value of $217,500. In addition, the percentage of homes in this zip code that are owned outright is very high at 97%. This indicates that a majority of homes in this zip code are owned by individuals rather than being rented or leased. This high level of ownership may be due to the relatively low population density in this zip code or it may indicate that there is a lot of wealth concentrated within this area.

Despite the high level of home equity and home prices in this zip code, there are still a number of opportunities for buyers who are looking to purchase a property here. The average list price for properties currently available for sale is $1,890,000 which is above the national average list price but still reasonable given the high level of homeownership within this area. Additionally, there are still plenty of properties available for purchase at below-market rates which could be an attractive option for buyers who want to purchase a property without having to spend as much money up front.