97038, Molalla, OR

Molalla, Oregon is located in the 97038 zip code. The 97038 zip code has a population of about 2,000 people. The median household income in the 97038 zip code is $62,500. The median home value in the 97038 zip code is $219,000.

The average interest rate on a 30-year fixed mortgage in the 97038 zip code is 3.85%. The average home equity loan amount in the 97038 zip code is $151,000. Home prices have increased by 5% over the past year and are projected to increase by another 7% over the next year.

The reason for this increase in home prices is that there has been an increase in demand for homes due to an improving economy and low interest rates. There has also been an increase in inventory due to a decrease in new home construction and an increasing number of people selling their homes because they are moving out of state or retiring.