97414, Broadbent, OR

The 97414 zip code of Broadbent, Oregon is located in the Willamette Valley and has a population of around 8,000 people. The median home value in this zip code is $191,000 and the median home equity is $111,500. In Broadbent, there are around 1,200 homes that are currently for sale and around 900 homes that are currently available for purchase.

Broadbent has seen a steady increase in home values over the past few years. In 2015, the median home value was $187,500 and by 2017 it had increased to $191,000. This trend seems to be continuing as there were only about 100 homes that were sold in 2018 and so far in 2019 there have been about 150 homes sold. It is likely that this trend will continue as there are many families who want to live in Broadbent but cannot afford to buy a home outright.

One reason why home values have been increasing so much in Broadbent is because of the strong economy. Jobs are plentiful and wages are rising which means that people can afford to buy a house outright or borrow money against their house equity to buy a house. Additionally, there has been an increase in demand for housing due to population growth and an increase in retirees moving into the area.

However, not everyone is happy with the current state of affairs regarding home prices in Broadbent. Some people argue that prices have become too high relative to incomes which could lead to a bubble eventually bursting. Others feel that prices should be lower given how weak the economy has been recently