97317, Salem, OR

Home Equity in the 97317 Zip Code of Salem, OR

In the 97317 zip code of Salem, OR, home equity is a valuable asset. According to Zillow, the median home value in this zip code is $247,500. This means that many homeowners in this area have a considerable amount of equity in their homes. Home equity can be used for a variety of purposes, including paying off debt or investing in other assets. In addition, homeowners may use their home equity to cover some or all of their monthly expenses.

Home Prices in the 97317 Zip Code of Salem, OR

According to Zillow, the median home price in the 97317 zip code is $247,500. This means that many homeowners in this area are able to purchase homes at a reasonable price and have significant equity in their homes. Home prices tend to rise over time as more people enter the market and demand increases. As long as homeowners maintain their property and keep up with regular maintenance tasks (e.g., roofing repairs), they should be able to enjoy healthy appreciation rates over time.