97103, Astoria, OR

The 97103 zip code of Astoria, OR has a population of around 36,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $53,046. The percentage of households that are owner-occupied is lower than the national percentage of households that are owner-occupied at around 62%. However, the percentage of households that are renter-occupied is higher than the national percentage at around 28%. This suggests that there may be more demand for rental housing in this zip code than there is for homeownership.

Home equity and home prices in Astoria, OR have been on a steady decline since 2007. In 2007, the home equity and home prices in this zip code were both around $200,000. By 2017 however, these values had decreased by almost half to just under $100,000. This suggests that there has been a significant decrease in home values over the past seven years in Astoria, OR. It is possible that this decrease may be related to several factors including low interest rates and increasing competition from other areas with similar or better economic conditions. It will be interesting to see whether or not home values continue to decline or if they begin to rebound in the next few years as interest rates rise and demand for housing increases once again.