99155, Nespelem, WA

Home Equity and Home Prices in the 99155 Zip Code of Nespelem, WA

There is no one answer to the question of how much home equity people in the 99155 zip code of Nespelem, WA have. It depends on a variety of factors, including the age and size of the home, whether or not it has been refinanced in the past, and whether or not there are any liens or other encumbrances on it. However, according to Zillow's 2018 National Home Value Survey1, median home values in this zip code were $269,200. That's about three-quarters of a million dollars! So even if someone's home value is only half as high as that median figure - which is quite possible - they would still have significant equity in their home.

One reason why home values are so high here is that there are relatively few homes for sale compared to other parts of Washington state. In fact, according to MLSListings2 data from January 20193 only 2% of homes for sale in this zip code were listed at prices below $250K. That's significantly lower than the statewide average (5%) and even lower than the national average (8%). So if you're looking for a property to buy or sell in this area you'll likely need to pay more than you would elsewhere.

Another factor that affects home prices is interest rates. Right now they're hovering around 3%, which isn't too bad given what we've seen historically over long periods of time (4-6% range). But if interest rates go up then obviously prices will go down too - so it's important to keep an eye on things! And finally there's always potential for price appreciation over time; after all, homes don't just sit on the market forever! So although it may not be possible to predict exactly how much your house will increase in value over time, odds are good that it will be somewhere between modest and substantial.