97148, Yamhill, OR

The 97148 zip code of Yamhill, Oregon is located in the Willamette Valley and has a population of around 30,000. The median home value in this zip code is $269,900 which is about average for the area. Home equity in this zip code has been increasing steadily over the past few years and as of September 2017, it was at $285,200. This indicates that home prices are generally stable or rising in this area.

One factor that may be contributing to the stability or rise in home prices in 97148 is the low interest rates currently being offered by banks. In addition, there are a number of new developments underway in this area which may lead to increased demand for housing and consequently higher home values. Finally, there are a number of families who have chosen to live here because of its close proximity to Portland and other major cities. As such, there is likely to be continued demand for housing in this area even if interest rates rise somewhat from their current levels.