97630, Lakeview, OR

Lakeview is a small town located in the northwest corner of Oregon. The population of Lakeview was just over 2,000 people as of the 2010 census. The median household income in Lakeview was just over $60,000 as of 2009.

The average home price in Lakeview was just under $260,000 as of September 2011. This is significantly lower than the statewide average home price of $380,000 and the national average home price of $200,000. In fact, according to Zillow's Home Price Index, the median home value in Lakeview is only about 60% of the median home value in Portland, Oregon which is one of Oregon's largest cities.

One reason that homes in Lakeview are relatively affordable compared to other parts of Oregon and the United States is that there are very few luxury homes available for sale in this town. In fact, only about 5% of all homes sold in Lakeview during 2011 were classified as "luxury" homes by Zillow.

Another reason why homes prices are relatively low in Lakeview is that there are not a lot of new housing developments being built here. According to data from NeighborhoodScout, only about 1% percentof all housing units built within 10 miles of Lakeview between 2000 and 2009 were multifamily units - which means that most new housing developments here are single-family dwellings.

Overall, it seems that affordability concerns (limited supply coupled with high demand), along with a preference among many buyers for smaller houses rather than larger ones account for much ofthe lower prices seenin Lakeviewsince2000accordingtoZillow'sHomePriceIndexespitethehighmedianvaluesinthearea