98201, Everett, WA

The 98201 zip code of Everett, WA has a median home value of $269,000. This is higher than the statewide median home value of $217,500 and the national median home value of $177,200. The 98201 zip code also has a high percentage of homeowners with a mortgage at 85%. This is higher than the statewide mortgage rate of 74% and the national mortgage rate of 63%.

There are several factors that contribute to the high home values in the 98201 zip code. One reason is that Everett is a relatively affluent city. The population in this zip code is highly educated and has high incomes. Additionally, there are many luxury homes in this area which have increased in value over time.

Despite these high values, there are still many homeowners who can afford to purchase a home here. In fact, nearly half (47%) of all households in this zip code own their homes outright compared to just under one third (31%) who have mortgages. This indicates that there is strong demand for homes in this area despite the elevated prices.