99016, Greenacres, WA

The home equity and home prices in the 99016 zip code of Greenacres, WA are very high. According to Zillow, the median home value in this zip code is $1,847,000. This is a far cry from the median home value of $186,500 that was reported for the entire state of Washington in 2016. The high home values can be attributed to a number of factors, including the strong economy and low interest rates.

Another contributing factor to the high home values in this zip code is the fact that Greenacres is a desirable location. The city has a population of just over 10,000 people and is located just north of Seattle. This proximity to major metropolitan areas makes it an attractive place to live and invest in property. Additionally, many homes in Greenacres are situated on large lots which allows for plenty of room for expansion or additions.

Despite these positive factors, there are some potential drawbacks associated with living in Greenacres. First and foremost, there is limited housing stock available within the city limits which can lead to long wait times for properties that become available. Additionally, while incomes are generally high within this zip code, there may not be enough jobs available to accommodate everyone who wants one. As a result, some residents may find themselves struggling to make ends meet if they do not have access to affordable housing or good job opportunities nearby