98850, Rock Island, WA

The Rock Island, WA 98850 zip code has a median home value of $137,000 and a median home equity value of $101,000. The Rock Island area has seen an increase in home values over the past few years. In 2016, the median home value was $134,000 and the median home equity value was $98,000. In 2017, the median home value increased to $135,000 and the median home equity value increased to $100,000. This trend is likely to continue as Rock Island continues to experience growth in its economy.

Home equity is important for many reasons. Home equity can help you pay off debt or save for a down payment on a new house. It can also be used for other purposes such as paying off high-interest credit cards or investing in stocks or bonds. Home values are also important because they determine how much homeowners can borrow against their homes. As long as the homeowners have enough equity in their homes, they are generally able to get loans that are larger than what they could get if their homes had lower values.

While there are many benefits to having high levels of home equity, there are also risks associated with having too much debt or not having enough savings available if something happens that prevents you from being able to repay your debts or access your savings account (such as losing your job). It is important to weigh all of these factors before making any decisions about whether or not to increase your level ofhome equity.