98611, Castle Rock, WA

Castle Rock, WA is located in the Seattle metropolitan area and has a population of around 73,000. The median home value in the zip code is $527,500 and the median home equity is $237,500.

The Castle Rock housing market has seen strong growth over the past few years. In 2016, the median home value increased by 5.4% and in 2017 it increased by 6%. This strong growth can be attributed to a number of factors including an increase in demand for homes due to an influx of new residents into the area and low interest rates.

Currently, there are a number of homes available for sale in Castle Rock. There are also a number of homes that have been recently sold which indicates that there is strong demand for housing in this area.

Home prices vary significantly within Castle Rock based on location and size. The average price for a single-family home is $527,500 while the average price for a condo or townhome is $269,000.

Home equity plays an important role in homeownership rates and mortgage approval rates in Castle Rock. Homeowners who have more equity tend to stay homeowners longer than those who have less equity because they are more confident about their ability to sell their home if they need to move or if they experience financial difficulties.

Overall, the Castle Rock housing market continues to show strong growth with prices increasing by 6% year over year according to Zillow data as of August 2018