97106, Banks, OR

Banks, Oregon is located in the 97106 zip code. Banks has a population of approximately 2,000 people. Banks has a median household income of $50,000 and a median home value of $130,000. Banks's home equity and home prices are both relatively high when compared to other zip codes in Oregon.

The average home value in the 97106 zip code is $130,000. The average home equity in the 97106 zip code is $101,500. This means that the majority of homes in the 97106 zip code have more than half their value invested in their homes equity. This is higher than the statewide average of 54%.

The reason for this high level of investment may be due to several factors:

- Banks is located in a desirable area with low unemployment rates

- There are many new homes being built in Banks

- The market for housing has been stable over the past few years