Packwood, WA is an area with a strong housing market. The median value of homes in 98361 Packwood is $422,200, which is higher than the US median value of $338,100. Additionally, the one year house appreciation rate in Packwood is 6.79%, which is lower than the US rate of 8.27%. This indicates that while home values in Packwood are comparable to national averages, they are not increasing as quickly as those elsewhere. Despite this however, the housing market in Packwood remains strong and stable due to its high median value.
The median home cost in Packwood (zip 98361) is $422,200. Home appreciation the last 10 years has been 149.1%. Home Appreciation in Packwood (zip 98361) is up 13.6%.
Average Age of Homes
- The median age of Packwood (zip 98361) real estate is 42 years old
The Rental Market in Packwood (zip 98361)
- Renters make up 8.0% of the Packwood (zip 98361) population
- 3.7% of houses and apartments in Packwood (zip 98361), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.