97108, Beaver, OR

The 97108 zip code of Beaver, OR has a median home value of $128,000 and a median home equity value of $146,000. This is higher than the statewide median home value of $123,500 and the national median home equity value of $142,700. The 97108 zip code also has a lower than average homeownership rate at just 54%. This is likely due to the high cost of living in this area as well as the low availability of affordable housing.

Despite these high values, there are still many homeowners in the 97108 zip code who are struggling to make their mortgage payments. According to Zillow’s Home Value Index (HVI), approximately 20% of homes in this zip code are worth less than their outstanding mortgage balance. This means that many homeowners in this area are facing foreclosure or have had to take out second mortgages or other types of loans to cover their monthly expenses.

Overall, it is clear that homeownership rates and home values in the 97108 zip code are high relative to other areas across Oregon and nationwide. However, there is a significant number of homeowners who are struggling financially due to low incomes or high debt levels.