98674, Woodland, WA

Woodland, WA is located in the eastern part of the state and has a population of around 36,000. The zip code 98674 has a median home value of $269,000 and a median household income of $87,500. Approximately 44% of households in the zip code own their homes outright while 54% are owner-occupied. The average commute to work is about 25 minutes.

The Woodland housing market has seen steady growth over the past few years. In January 2017, the median home value was $269,000 which was up from $248,500 in January 2016. Over the same period, the median household income increased from $87,500 to $89,200 (+2%). This indicates that there is strong demand for homes in Woodland and that prices are continuing to rise.

One reason for this sustained growth may be that Woodland is located close to both Seattle and Tacoma which are both growing cities with high job opportunities. Additionally, many new development projects have been underway in Woodland which may also contribute to higher home values.

Despite these positive trends, there are some risks associated with buying or selling a home in Woodland right now. For example:

-The current market conditions may not last – although it seems likely that they will continue for some time;

-There could be more price volatility as we move closer to spring/summer sales season;

-The availability of financing could become more difficult if interest rates increase;

-Rising costs such as property taxes and insurance could impact buyers or sellers negatively;

- Woodland is an area that sees a lot of natural disasters (e.g., fires) so buyers should be prepared for potential losses if something like this happens during their purchase/sale process