97343, Eddyville, OR

The 97343 zip code of Eddyville, OR is located in the northwestern part of the state and has a population of just over 10,000 people. The median home value in this zip code is $128,000 which is significantly higher than the statewide median home value of $183,500. In addition, the percentage of homes that are owner-occupied in this zip code is significantly higher than the statewide percentage of owner-occupied homes at 62%. This indicates that there are a significant number of households in this zip code that have access to equity in their homes.

One reason why homeownership rates are high in this zip code may be because there are a significant number of families who live here. According to Census data, nearly two-thirds (64%) of households in this zip code have children under 18 living with them which is considerably higher than the statewide average percentage for families with children under 18 at just over half (51%). This indicates that there are many families who want to own their homes and can afford to do so. Additionally, Eddyville has a low unemployment rate which may contribute to high homeownership rates as many people who want to buy a home may not be able to find one they can afford on their own.

Despite having high homeownership rates and low unemployment rates, prices for homes in this zip code continue to rise faster than prices across Oregon as a whole. The median price for homes sold within this zipcode during 2017 was $135,000 which was more than double the statewide median price ($60,000). Additionally, during 2018 alone there were 11 sales within this zipcode totaling $165 million - an increase of more than 50% from 2017. These high prices indicate that demand for properties within this area remains strong despite current economic conditions.