97361, Monmouth, OR

The 97361 zip code of Monmouth, OR has a median home value of $209,000. This is higher than the statewide median home value of $183,500. The 97361 zip code also has a lower than average home equity percentage of 58%. This means that the majority of homes in this zip code are worth less than their original purchase price.

The 97361 zip code is located in Central Oregon and has a population of about 9,000 people. The majority of homes in this zip code are owner-occupied and have been for many years. There is a high concentration of single family homes in this area which may be contributing to the low home equity percentage.

Despite the low home equity percentage, there is still demand for properties in the 97361 zip code because it is located close to major cities such as Medford and Portland. Additionally, there are many new development projects underway in this area which may increase home values over time.