97404, Eugene, OR

The 97404 zip code of Eugene, OR has a median home value of $269,000. Home values in this zip code have increased by an average of 7.5% over the past five years. The 97404 zip code is located in the Willamette Valley region of Oregon and has a population of approximately 112,000 people.

There are a number of factors that may contribute to the increase in home values in the 97404 zip code. Some potential reasons include strong economic growth rates in the area, low interest rates, and increasing demand for housing due to population growth and job opportunities. Additionally, many homeowners in this area have taken advantage of low interest rates to refinance their homes or purchase new homes that are more affordable than previous homes.

While home values in the 97404 zip code continue to rise, there are some caveats that should be considered when making purchasing decisions based on home equity information. First and foremost, it is important to remember that home equity is not a guaranteed source of financial security - if you need money for an unexpected expense (such as a car repair), your home equity may not be enough to cover the cost. Secondly, it is important to keep track of your monthly mortgage payments so you can make sure you're not overspending on your house - even if your home's value continues to increase!