97062, Tualatin, OR

The 97062 zip code of Tualatin, OR is located in the Portland metropolitan area. The median home value in this zip code is $248,500 and the median home equity value is $137,000. This means that approximately 53% of homes in this zip code are worth more than their original purchase price. Additionally, the average home price growth in this zip code over the past five years has been 6%.

There are a number of reasons why homes in 97062 have appreciated so much over the past five years. First and foremost, there is a high demand for housing in this area due to its proximity to many major cities and businesses. Additionally, Tualatin has seen strong job growth over the past few years which has led to an increase in household incomes. Finally, Tualatin is one of the most affordable areas in Oregon and there are not a lot of expensive properties available for sale.

Despite these positive factors, there are some potential risks that could impact home values in 97062 down the road. For example, if there were to be a significant decrease in housing prices or if interest rates increased significantly from their current levels, many homeowners could find themselves struggling to sell their homes at market value. Additionally, although Tualatin is one of the most affordable areas in Oregon, it may become more expensive over time as new development projects come online and existing properties become more scarce.