97147, Wheeler, OR

The 97147 zip code of Wheeler, Oregon has a median home value of $236,500. This is higher than the statewide median home value of $181,600 and the national median home value of $177,200. The Wheeler area has seen an increase in home values over the past five years with a growth rate of 8%. Wheeler is also one of the more expensive zip codes in Oregon with a per capita income that is nearly double that of the state average.

Wheeler's high home values are likely due to its location in Central Oregon. The area is known for its natural beauty and outdoor activities such as skiing and hiking. Additionally, Wheeler has access to major metropolitan areas such as Portland and Eugene which provide jobs and other amenities not available in smaller towns.

Despite the high prices, there are still opportunities for buyers in Wheeler. The 97147 zip code has a population density of only 2 people per square mile which makes it easier for buyers to find homes they can afford. Additionally, many homes in Wheeler are pre-owned which lowers the amount homeowners need to spend on repairs or updates.