97322, Albany, OR

The home equity and home prices in the 97322 zip code of Albany, OR are very high. In fact, according to Zillow, the median home value in this zip code is $269,500. This is a far cry from the average home value of $178,200 that is reported nationwide.

There are a few reasons why the home equity and home prices in this zip code are so high. First and foremost, Albany has a very strong economy. The unemployment rate here is only 3%, which is much lower than the national average of 5%. Additionally, there are a number of businesses located in this area that have been successful over the years. This has led to an increase in demand for housing, which has resulted in higher home values.

Another reason why the home equity and home prices in this zip code are so high is because there is a lot of competition for homes here. Albany has a population of just over 60,000 people, but due to its location and amenities, it has become one of the most popular places to live in Oregon. As a result, there are already a lot of homes available for sale here when compared to other areas of Oregon. This situation is likely to continue as more people move into Albany over time.