98568, Oakville, WA

The home equity and home prices in the 98568 zip code of Oakville, WA are very high. The median home value in this zip code is $527,000, which is more than triple the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are owned outright is significantly higher than the national average of 63%. This suggests that there are a lot of wealthy people living in this area.

One reason for the high home values and homeownership rate in this zip code may be its proximity to Seattle. Seattle is one of the most expensive cities in America and has a large population of wealthy people who may want to live near it. Additionally, Oakville is a affluent suburb of Seattle and has many luxury homes built within its boundaries. As a result, there is likely competition for housing among those who want to live here and those who can afford it.

Despite the high prices and homeownership rates, there may be some potential buyers who are not able to afford these prices. There are also a lot of houses on the market in this zip code which could lead to lower prices over time if more people become interested in buying them.