97042, Mulino, OR

The 97042 zip code of Mulino, Oregon is located in the Willamette Valley and has a population of around 2,000. The median household income in this area is $69,000 and the median home value is $216,500. Home equity in this area has been increasing steadily over the past few years as prices have risen faster than incomes. In 2017, the average home equity in this zip code was $269,000. This represents a growth rate of 5% over 2016 and an increase of 10% over 2015.

One reason for this increase in home equity is that there are many homes available for sale in the 97042 zip code. In addition, interest rates have remained low throughout most of the past few years which has helped to drive up prices. Another factor contributing to increased home values in this area is that Mulino has been designated as a desirable location to live by many people. This is due to its close proximity to Portland and other major cities as well as its natural beauty and amenities such as lakes and rivers.