99001, Airway Heights, WA

The 99001 zip code of Airway Heights, WA is located in the eastern part of the state and has a population of just over 10,000 people. The median home value in this zip code is $269,000 and the median home equity value is $146,500. This means that approximately 58% of homes in this zip code are worth more than their original purchase price. Additionally, the average home price appreciation rate for homes in this zip code is 5%. This indicates that there are a lot of homeowners who are benefiting from rising home prices.

One reason why home prices have been increasing so rapidly in the 99001 zip code of Airway Heights is because there are a lot of new homes being built here. In fact, since 2010, there have been over 1,000 new homes constructed in this area. This influx of new housing has helped to increase demand for property and drive up prices. Additionally, Airway Heights has always been a desirable location to live in because it is close to both Seattle and Spokane. As a result, there is a high demand for housing here which drives up prices even further.

Despite all these positive factors contributing to the high home values in the 99001 zip code of Airway Heights, there are some risks associated with buying or owning a home here. For example, if interest rates were to rise significantly (which they could), then homeowners who owe money on their mortgages would likely experience significant financial hardship because their monthly payments would be much higher than they are currently paying. Additionally, if the economy were to take another downturn (which it has done before), then sales might decline andhome values could fall again. However, overall it appears that homeownership opportunities abound within this particular zip code and those who are interested should definitely consider looking into purchasing a property here!