97350, Idanha, OR

The Idanha, OR 97350 zip code has a population of about 2,000 people and is located in the Rogue Valley region. The median home value in the zip code is $224,500 and the median household income is $60,000. Home equity in this zip code is at an all-time high with homeowners owning an average of $187,500 in home equity. This high level of home equity has helped to fuel the recent increase in home prices in this area.

Home prices have increased by an average of 10% over the past year and have now reached their highest level since 2007. In addition, there has been a significant increase in demand for homes in this area due to strong economic growth and low interest rates. This strong demand has led to bidding wars for some homes and elevated prices for others.

While homeownership rates are still high compared to other areas of the country, there has been a trend towards more renters purchasing homes over the past few years. This shift may be due to low interest rates and increasing wages which make buying a home more affordable than it was previously. Additionally, there are many attractive new development projects underway that will add even more homes to the market over time.