97048, Rainier, OR

Rainier, OR 97048 is located in the northwestern part of the state and has a population of just over 10,000 people. The 97048 zip code has a median home value of $269,500 and a median household income of $87,500. The zip code has a relatively high percentage of owner-occupied homes (69%) and a low percentage of renter-occupied homes (31%).

The Rainier area has seen strong growth in home values over the past several years. In 2013, the median home value was $257,000 and by 2016 that number had increased to $269,500. This growth is likely due to both increasing demand for housing in the area as well as limited supply. Over the same time period, the Rainier area saw an increase in household incomes which likely helped to contribute to this trend.

While there are many factors that can influence home values (location, size/condition of property, amenities available nearby), it is important to keep in mind that prices are ultimately determined by market forces. As such, it is important for residents of Rainier to do their research when looking into buying or selling a home so that they can make informed decisions about what is best for them and their family.