97527, Grants Pass, OR

The 97527 zip code of Grants Pass, OR is located in the heart of Oregon's wine country. The area has a population of around 36,000 and is home to several small businesses and wineries. The median home value in the zip code is $269,500, which is significantly higher than the statewide median home value of $181,600.

There are a number of factors that contribute to the high home values in the 97527 zip code. First, there are a lot of affluent residents who can afford to buy homes here. Second, many homes in this area were built in the 1970s and 1980s, which means they're older and typically have more square footage than newer homes. Finally, Grants Pass is located near several major metropolitan areas (Portland and Medford) that have a large population of wealthy people who can afford to buy homes here.

Despite these high home values, there has been some recent price appreciation in the 97527 zip code. This is likely due to strong economic conditions overall (low interest rates and increasing demand for housing) as well as limited supply (due to zoning restrictions). As long as these conditions continue to prevail, it's likely that prices will continue to rise in this area over time.