97058, The Dalles, OR

The 97058 zip code is located in The Dalles, Oregon. According to the 2010 census, the population of this zip code was 9,851. Home equity and home prices in this zip code have been on the rise for many years now. In 2007, the median home value in this zip code was $128,000. As of September 2016, the median home value in this zip code is $162,500. This increase in home values has led to an increase in home equity for many residents of 97058.

Home equity is important because it allows homeowners to use their homes as collateral for loans or other financial investments. Homeowners who have a high level of home equity are more likely to be able to afford larger mortgages or other types of loans than homeowners who have less home equity. Additionally, a high level of home equity can also lead to increased purchasing power when homeowners decide to sell their homes.

There are several factors that contribute to the rise in home values and home equity in 97058 over the past few years. One factor that has contributed significantly is the increasing demand for housing stock throughout Oregon and nationwide. Over the past few years, there has been an increase in both population and employment growth within 97058 which has led to an increased demand for housing units. Additionally, there has been an increase in investment opportunities within 97058 due to recent developments such as The Dalles Landing development and The Commons at Cascade Lakes development which have created new jobs and increased economic activity within this area. These developments have led to an increased demand for residential properties throughout 97058 which has contributed positively towardshome values andhome equity levels within this zip code