97113, Cornelius, OR

The 97113 zip code of Cornelius, OR is located in the northwestern part of the state and includes a mix of suburban and rural areas. The median home value in this zip code was $191,200 as of September 2017. This is higher than the statewide median home value of $181,600 but lower than the national median home value of $217,500.

The Cornelius area has seen strong growth over the past several years. The population grew by 10% between 2010 and 2016, which is faster than the statewide average growth rate of 5%. This growth has been driven by increasing demand for housing in Oregon’s major metropolitan areas as well as an influx of new residents from other states.

Despite this strong growth, Cornelius still has a relatively low rate of homeownership (63%). This is likely due to its suburban character – many people here are likely renters who are looking to buy homes eventually. Additionally, Cornelius has seen a surge in interest in buying homes recently due to rising prices and low interest rates.

As long as there continues to be strong demand for housing in Cornelius and neighboring areas, prices will continue to rise – especially if interest rates stay low. In fact, according to Zillow’s recent report on ZIP codes with rising home values*, Cornelius ranked number one out of all ZIP codes in Oregon!