97327, Brownsville, OR

The 97327 zip code of Brownsville, OR has a population of around 10,000 people and is located in the Central Oregon Coast region. The median home value in this zip code is $137,500 which is significantly higher than the national median home value of $123,700. This high home value can be partially attributed to the fact that this area has a low unemployment rate and strong economy.

Another contributing factor to the high home values in this zip code is the availability of homes for sale. There are currently over 1,000 homes for sale in this zip code which indicates that there are plenty of potential buyers available. Additionally, many homeowners in this area have taken advantage of equity growth by refinancing their homes multiple times over the past few years. This has resulted in a healthy increase in home values over time.

Despite these positive factors, there are some limitations to consider when assessing home equity and home prices in the 97327 zip code of Brownsville, OR. One limitation is that there may not be enough new homes being built to meet demand from buyers and renters alike. Additionally, interest rates may continue to rise which could lead to a decrease in home values over time.