97007, Beaverton, OR

When you think of home equity, what comes to mind? For many people, it may be the value of their home minus all of their outstanding debt. However, when you look at the bigger picture, your home equity is also a reflection of how well your home is performing relative to other homes in your area.

According to Zillow, the median home value in Beaverton was $269,200 in May 2018. This means that half of all homes in this zip code are worth more than this amount. Furthermore, over the past year or so, the average monthly gain has been around 2%. This means that on average, homes have been increasing in value by around 2% each month.

This strong performance can be partly attributed to several factors. For one thing, there is a lot of demand for housing in Beaverton due to its high quality and proximity to major cities like Portland and Seattle. Additionally, recent renovations and upgrades have made many homes more appealing than ever before.

However, despite these positive trends, there are some risks associated with buying a home in Beaverton right now. First and foremost is the fact that interest rates are still very low – meaning that borrowers are likely paying a higher rate than they would if rates were higher. Additionally, there is always the risk that prices could decline suddenly – which could lead to a loss of equity (and possibly even bankruptcy) for some homeowners.

Overall though, it seems safe to say that home values continue to rise strongly in Beaverton – which should make both buyers and sellers happy!