97344, Falls City, OR

The zip code 97344 in Falls City, Oregon has a median home value of $119,000 and a median home equity of $118,000. These values are higher than the statewide median home value of $117,500 and the national median home equity of $106,800. The zip code also has a lower than average rate of homeownership at just 61%. This is likely due to the high cost of living in this area as well as the relatively low number of homes for sale.

Despite these high values, there is still room for improvement in the area when it comes to home equity. Approximately one-third (32%) of households in the zip code have less than $50,000 in total home equity. This is significantly lower than both the statewide rate (47%) and the national rate (57%). Additionally, only 10% of households have more than $250,000 in total home equity which is below both statewide and national averages.

Overall, it appears that homeownership rates are low but there is potential for growth if more people can get on board with purchasing homes within this zip code. Additionally, it would be helpful to see an increase in prices as this would help to improve homeowner equity even further.