99344, Othello, WA

The 99344 zip code of Othello, WA is located in the northwest corner of Washington state. The area has a population of about 10,000 and an average household income of around $75,000. Home prices in the 99344 zip code have increased significantly over the past few years, reaching a median sale price of $269,900 in 2016. This increase is likely due to strong demand from buyers and limited supply of homes available for sale.

Home equity is a key factor in home prices. In general, homeowners with more home equity are able to sell their homes for more than they paid for them because they have access to funds that can be used to cover any repairs or upgrades that may need to be made. Homeowners with less home equity may find it difficult to sell their homes because they would need to make significant down payments or pay high interest rates on loans if they wanted to borrow money against their home equity.

The 99344 zip code is located in a desirable area with plenty of job opportunities and good schools. This combination likely contributes to the high demand for homes in this area. Additionally, there are relatively few new homes being built in the 99344 zip code which means that there is limited supply available for purchase by potential buyers.