97362, Mount Angel, OR

The 97362 zip code of Mount Angel, OR has a median home value of $269,000. This is higher than the Oregon median home value of $217,500. The 97362 zip code also has a lower than average home equity percentage at 58%. This means that there are more homes with negative equity (less than the market value of the home) in this zip code than in other areas of Oregon.

There are several factors that could contribute to this trend. One possibility is that many homeowners in this area have taken on large amounts of debt to purchase their homes, and may now find themselves unable to make required payments or sell their homes for enough money to cover their debts and remaining mortgage obligations. Another possibility is that housing prices in Mount Angel have been relatively stable over the past few years, while other areas of Oregon have seen significant price increases. If this trend continues, it could lead to even more homeowners in the 97362 zip code having negative equity in their homes.