Home Values

98248 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$282,100

  • 3.7% 1-year change
  • 2.5% 1-year forecast

The median home value in 98248 is $282,100. 98248 home values have gone up 3.7% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in 98248 is None.

Foreclosures will be a factor impacting home values in the next several years. In 98248 2.8 homes are foreclosed (per 10,000). This is the same as the Ferndale value of 2.8 and also lower than the national value of 3.5

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98248 homeowners underwater on their mortgage is 12.8%, which is higher than Ferndale at 11.0%.

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Relative ZHVI
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98248 Market Overview

Data through May 31, 2015
  • $282,100 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $268,650 Median sale price
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98248 Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 12.8% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

2.8 homes 98248
2.8 homes Ferndale
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
98262 $367,700
98232 $330,600
98240 $305,600
Name Median ZHVI
98226 $289,400
98229 $284,100
98225 $272,800
Name Median ZHVI
98247 $264,600
98264 $253,000
98230 $224,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $166 Median sale price / sq ft
  • No data Listings with price cut
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98248 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,474 98248
    $1,475 Ferndale
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No recent data Rent list price / sq ft
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