97449, Lakeside, OR

The 97449 zip code of Lakeside, OR is located in Clackamas County and has a population of approximately 10,000. The median home value in this zip code is $269,900 which is significantly higher than the Oregon statewide median home value of $217,500. Approximately 60% of homes in this zip code are owner-occupied while the remaining 40% are rented.

The average home equity for homes in the 97449 zip code is $101,400 which is significantly higher than the Oregon statewide average home equity of $76,200. This high level of home equity may be attributable to the high levels of homeownership in this area as well as low levels of unemployment and poverty. Additionally, many homes in this zip code are owned outright rather than being financed through mortgages or other forms of debt. This indicates that many residents here have enough money saved up to purchase their homes outright without needing to borrow money from a lender.

Despite these positive factors, there are also some limitations to consider when examining home equity and home prices in the 97449 zip code. For example, although homeownership rates are high here, it may not be possible for all residents to afford a house worth more than $269,900 even with ample savings. Additionally, although mortgage rates have remained relatively low over the past few years, they could rise at any time and put some residents at risk if they cannot afford to pay off their loans on time.