Zip Code:
97006 is a Oregon Zip code within the city of Beaverton and the county of Washington County. Its population is roughly 74,070.
When people think of home equity, they often think of the value of their home. However, there are other ways to measure home equity. One way is to look at how much money people have left over after they've paid off their mortgages, credit cards, and other debts. Another way to measure home equity is to look at how much money people have left over after they've paid for all their expenses, including the down payment on their house and any repairs or upgrades that need to be made.
According to Zillow's Home Value Index for the Beaverton zip code 97006, the median home value in this area was $269,200 in January 2018. This means that half of all homes in this zip code were worth more than $269,200 and half were worth less. Since January 2018, the median home value has increased by 2%.
However, not everyone in this zip code is feeling the same kind of housing market growth. According to Zillow's Home Value Index for Beaverton Zip Code 97006 from September 2017 through January 2018 (the most recent data available), just over a third (35%) of homes in this zip code were worth more than $269,200 while almost two-thirds (64%) were worth less. This means that while there has been some growth in median home values since September 2017 through January 2018 (+2%), it hasn't been uniform across all homes within this zip code - there are still a significant number of homes that are worth less than $269,200!
One reason why some homes may be worth less than others is because they're located in areas with lower demand - areas where fewer people are looking to buy or rent a house. Areas with low demand can lead to slower growth or even declines in property values due to competition from other buyers or renters who are willing to pay more for a house close to town or work. Conversely, areas with high demand can see faster growth and higher property values as more people want access to good schools and jobs within walking distance.
While it's important not onlyto know what properties are currently selling for within your specific neighborhood but alsoto understand howproperty values have changedover time so you can predict future trends , it's also importantto keepin mindthathomevaluescanfluctuate rapidlyandthatyoucannot relysolelyonthemedianvaluewhenmakingdecisionsaboutbuyingorsellingahome .
Price Index: Portland-Vancouver-Hillsboro, OR-WA
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
97006 | 74,070 | 2,431.7 | America/Los_Angeles | 45.51704 | -122.85988 | Beaverton | Washington County | Oregon |
97229 | 69,450 | 1,303.7 | America/Los_Angeles | 45.55060 | -122.80998 | Portland | Washington County | Oregon |
97005 | 26,329 | 1,914.3 | America/Los_Angeles | 45.49095 | -122.80350 | Beaverton | Washington County | Oregon |