98685, Vancouver, WA

Home Equity and Home Prices in the 98685 Zip Code of Vancouver, WA

There are a number of factors that affect home equity and home prices in any given area. In general, however, the higher the demand for a particular type of property - such as homes or apartments - the higher the prices will be. Additionally, location is also important; neighborhoods with good schools and access to amenities (such as shopping, dining, and recreation) tend to be more expensive than those without these features.

According to Zillow's recent analysis of home values in 98685 zip code of Vancouver, WA., median home values increased by 9% from January 2017 to January 2018. This was slightly slower than the national average increase of 10%. However, this still represents an impressive gain over the past two years. The median price for all homes in this zip code was $527k as of January 2018 - which is significantly higher than both the statewide median ($392k) and national average ($269k).

One factor that may have contributed to this increase in home values is that there has been an increasing demand for properties in this area. According to Zillow's latest report on housing market conditions across America, Seattle-Bellevue-Everett (SABE) metro area had one of the strongest job markets in America during 2017. As a result, many people are moving into this region - which has led to an increase in demand for homes here. Additionally, Seattle is known for its high quality of life; it is one of America's most livable cities and has many amenities that attract people to live here. This increased demand may also be contributing to rising home values throughout SABE metro area - including 98685 zip code.

However, not everyone benefits from these trends; while some homeowners have seen their home equity grow substantially over time, others may find themselves struggling due to rapidly increasing prices. For example, if you bought your house five years ago and it now costs $1 million dollars more than you paid for it - your equity would be reduced by half (since your original investment would now be worth $500k less). Similarly, if you bought your house recently but it only costs $700k now but will soon cost $1 million dollars more due to rising prices - your equity would still be relatively unchanged (since your original investment would now be worth $700k more). In short: while overall home values continue to rise in 98685 zip code due largely to strong job market conditions and increasing demand from potential buyers - there are risks associated with owning a property here too!