97121, Hammond, OR

Hammond, Oregon is located in the 97121 zip code. The median home value in this zip code is $221,000. Home equity values have increased significantly over the past few years and are now at an all-time high. This has led to a rise in home prices throughout the 97121 zip code.

The average price of a home in Hammond has increased by more than $100,000 since 2009. In fact, the average price of a home in this zip code has increased by almost 50%. This increase can be attributed to several factors, including an improving economy and low interest rates.

Home equity values are especially important for people who are looking to buy a house or refinance their current mortgage. Home equity allows homeowners to borrow money against their property value without having to pay interest on that loan. This means that homeowners can afford larger mortgages and purchase more expensive homes than they would be able to if they were only borrowing against their current income.

Overall, home prices in Hammond continue to rise rapidly due to strong demand from buyers and limited supply of homes available for sale. If you're looking for a place to live in the 97121 zip code, it's important to keep track of current market conditions so you can make informed decisions about your housing options.