97035, Lake Oswego, OR

Lake Oswego is a city located in the 97035 zip code in Oregon. The 97035 zip code has a population of about 66,000 people and an average home value of about $475,000. Home equity is important to many people because it represents the accumulated wealth of homeowners over time. In Lake Oswego, home equity values have been increasing at a rate of about 7% per year since 2002. This means that the average homeowner's home equity has grown by more than $100,000 during that time period.

The reason for this increase in home equity values is likely due to several factors: increased demand for housing due to population growth and increased wages, low interest rates that have encouraged borrowing and spending on homes, and improvements made to homes over the past decade or so (such as updated insulation, roofing materials, and windows). As long as these trends continue, it is likely that home equity values will continue to rise in Lake Oswego.