99032, Sprague, WA

Home Equity and Home Prices in the 99032 Zip Code of Sprague, WA

The home equity and home prices in the 99032 zip code of Sprague, WA are very high. The median home value in this zip code is $564,000, which is more than triple the national median home value of $177,500. The average home value in this zip code is also significantly higher than the Washington state average of $269,900. This indicates that there are a lot of homes in this zip code that are worth a lot more than what people typically pay for homes in Washington state.

One reason why the homes in this zip code are so valuable is that they are located near some major cities. The closest city to this zip code is Spokane, which is about 25 miles away. Spokane has a population of about 200,000 people and is known for its arts and culture scene. Additionally, the city has a number of universities and businesses that provide jobs for residents. Therefore, it's not surprising that many people who live in this zip code own homes that are worth a lot more than what they would pay if they lived elsewhere in Washington state.

Another factor that contributes to the high values of homes in this zipcode is the fact that there are few houses available for sale here. In fact, as of March 2017 there were only 18 active listings on Zillow within 25 miles of Sprague (which includes all of Spokane County). This means that most people who want to buy a house here have to go out of their way to find one (or negotiate an above-market price). This situation may change over time as new houses come onto the market or existing houses get sold but at present it seems like buyers have little choice but to pay high prices for properties located in this area.