98520, Aberdeen, WA

Aberdeen, WA is located in the northwest corner of Washington state. The city has a population of just over 30,000 people and is home to several colleges and universities. The economy of Aberdeen is based largely on the health care, technology, and defense sectors. In recent years, the city has seen an increase in home equity and home prices as a result of strong job growth and low interest rates.

According to Zillow’s latest report on home values in the Aberdeen area, the median home value in this zip code was $269,200 as of September 2018. This represents a 12% increase from 2017 and a 25% increase from 2016. In addition, Zillow reports that there were 587 single-family homes sold in Aberdeen during September 2018 – an 8% increase compared to September 2017. Based on these figures it appears that there is strong demand for housing in this area.

One reason why home values have increased so much in Aberdeen over the past few years may be due to low interest rates. As of September 2018, the average rate on a 30-year fixed-rate mortgage was 2.84%. This is significantly lower than the national average rate of 4%. Additionally, many people are choosing to buy homes now rather than wait for prices to rise further due to concerns about future economic conditions.

Despite these positive trends, there are some risks associated with buying a home in Aberdeen right now: There could be more price appreciation if interest rates rise or if there are other economic indicators that improve; although historically property values have held up well even during recessionary periods; Finally, because demand for housing is high right now there could be limited availability when buyers want to purchase homes (especially if they want something closer to downtown).