97520, Ashland, OR

Home Equity in Ashland, OR

The home equity in the 97520 zip code of Ashland, OR is $269,000. This is a decrease from the previous year when the home equity was $291,000. The reason for this decrease could be due to several factors such as rising interest rates or an increase in mortgage rates.

Mortgage Rates in Ashland, OR

Mortgage rates have increased over the past few years and this could be a factor that has contributed to the decrease in home equity in the 97520 zip code of Ashland. In fact, according to Zillow’s latest report on mortgage rates, the average rate for a 30-year fixed-rate mortgage was 3.94% as of September 2017. This means that if you were looking to borrow $300,000 at this time using a traditional loan product, your monthly payment would be $2,394.

However, it's important to keep in mind that these are averages and there can be significant variation across lenders and products. So if you're looking at getting a mortgage product now or within the next few months it's important to do your research and compare different quotes carefully.

Home Prices in Ashland, OR

The home prices in the 97520 zip code of Ashland have also decreased over the past year or so. According to Zillow’s latest report on home prices (as of September 2017), the median price for homes sold within this zip code during this time period was $269,500 - which is down from $277K last year and down from $290K two years ago. So while there may not be any dramatic changes happening right now with regards to home equity or home prices within this particular area of Oregon City/ Ashland - it's always important to stay up-to-date on market trends so that you can make informed decisions about your own financial security!