98824, George, WA

There are a number of factors that affect home prices in any given area, including the availability of housing, interest rates, and local economic conditions. In general, home prices in areas with strong economies and low unemployment tend to be higher than those in areas with weaker economies and high unemployment.

According to the 2016 American Community Survey (ACS), the median home value in the 98824 zip code is $292,500. This is well below the state median of $374,900 but above the national median of $225,800. The percentage of homes sold for more than their asking price was slightly below average for Washington at 8%. However, this may be due to a limited number of listings in this zip code as only 2% were listed for less than their asking price.

The majority (68%) of households in this zip code earn an annual income greater than $75,000. This is considerably higher than the state median income of 54% and much higher than the national median income of $53,046. Additionally, nearly two-thirds (64%)of households have at least one vehicle available for use within 1 mile of their residence. This is significantly higher than both Washington’s statewide average (50%) and national average (54%). These high levels of wealth and access to transportation may contribute to why home values are relatively high in this area.