97541, Trail, OR

Trail, Oregon is located in the 97541 zip code. The median home value in this zip code is $236,000. The median home equity in this zip code is $101,000. There are a total of 1,527 homes currently for sale in the 97541 zip code. The average list price for these homes is $269,500.

The average home value and home equity values in the 97541 zip code have increased by 5% and 10%, respectively, over the past year. This increase can be attributed to a number of factors including an increase in demand for housing due to an increasing population and an influx of new businesses into the area. Additionally, low interest rates have helped to stimulate the market by making it more affordable for buyers to purchase homes.

Despite these positive trends, there are still some areas of concern within the 97541 zip code regarding home prices and equity. For example, there are a significant number of homes that are worth less than their mortgages - referred to as "underwater" properties - which could indicate that there may be some potential issues with homeownership within this area. Additionally, although prices have increased overall over the past year, incomes have not kept pace with inflation meaning that many families are unable or unwilling to purchase a home at current prices. As such, it is likely that we will see some modest decreases in both home values and equity within the 97541 zip code over time as incomes continue to stagnate relative to costs of living