98855, Tonasket, WA

The home equity and home prices in the 98855 zip code of Tonasket, WA are reflective of the overall market conditions in the area. The average home value in this zip code is $269,000, which is significantly higher than the statewide average of $205,000. However, despite being relatively expensive compared to other areas of Washington, the 98855 zip code still has a high percentage of homes that are affordable for residents. In fact, approximately 68% of homes in this zip code are considered affordable by median income levels. This indicates that there is a wide range of options available to residents within this area when it comes to purchasing a home.

Another important factor to consider when evaluating home values in the 98855 zip code is the availability of housing inventory. Currently, there is a shortage of available homes for sale in this area, which has led to increased prices and increased demand from buyers. As a result, it may take some time for prices to decrease if market conditions change and more homes become available for purchase.