97489, Walterville, OR

The 97489 zip code of Walterville, OR has a median home value of $225,000. This is higher than the statewide median home value of $197,500. The Walterville area has seen an increase in home values over the past five years. In 2013, the median home value was $200,000. In 2016, the median home value increased to $225,000. This trend is likely to continue as more people are moving into this area and investing in property.

There are a number of factors that contribute to increased home values in an area. One reason is that there is demand for homes in this area – there are more people looking for homes than there are available units. Another reason is that the market has been stable – there have been no major changes in economic conditions that would lead to a decrease in demand or prices for homes. Finally, Walterville is located in a desirable location – it is close to both Portland and Eugene and has plenty of amenities and recreational opportunities nearby. These factors all contribute to increased demand for properties in this zip code and resulting higher home values.