97365, Newport, OR

The 97365 zip code of Newport, OR has a median home value of $269,000 and a median home equity of $119,000. This is significantly higher than the Oregon statewide median home value of $183,500 and the national median home equity of $142,700. The high home values in this zip code are likely due to the close proximity to Portland, which is one of the most expensive cities in America. Additionally, Newport is located in a desirable coastal region with plenty of amenities and opportunities for homeownership.

Despite the high values in this zip code, there are still many opportunities for homeownership. The 97365 zip code has a low foreclosure rate (1%) and a low percentage of vacant homes (2%). Additionally, there are many affordable homes available in this area that would be perfect for first-time buyers or families looking to downsize. If you are interested in purchasing or investing in property in the 97365 zip code of Newport, be sure to contact our team at Keller Williams Realty Oregon!