97403, Eugene, OR

The 97403 zip code of Eugene, OR is located in the Willamette Valley and has a population of about 153,000. The median household income in this zip code is $72,000 and the median home value is $269,500. The average home price has increased by about 9% over the past year.

There are a number of factors that have contributed to the increase in home prices in the 97403 zip code of Eugene. One reason is that there are a lot of new homes being built in this area, which leads to an increase in demand for housing. Additionally, there is a strong economy in Oregon right now and people are able to afford more expensive homes because they have good jobs. Finally, there is limited inventory of homes available for sale which drives up prices even more.

Despite all these positive factors, there are also some potential risks that could affect home prices in the 97403 zip code of Eugene. For example, if interest rates go up or if the economy weakens again then people may start to buy less expensive homes instead of more expensive ones. Additionally, if there is a major earthquake or other natural disaster then demand for housing could decrease significantly and lead to a decrease in home prices.