97477, Springfield, OR

The 97477 zip code of Springfield, OR is located in the northwestern part of the state and has a population of around 104,000. The median home value in this zip code is $269,900 which is significantly higher than the statewide median home value of $217,500. In addition, the percentage of homes in this zip code that are owned outright or with a mortgage is much higher than the statewide percentage of homes that are owned outright or with a mortgage at just over 60%. This indicates that there are a lot more households in this zip code that have some degree of equity in their homes.

One reason why the home values in this zip code are so high is likely because there are relatively few housing units available for sale compared to other parts of Oregon. Additionally, many people who live in this zip code likely have good credit and can afford to pay high prices for homes. While it's important to keep in mind that home prices can always change, it's likely that they will continue to rise faster here than elsewhere in Oregon over the long term.