97701, Bend, OR

The 97701 zip code of Bend, Oregon is home to a population of around 97,000 people. The median home value in this zip code is $269,500, and the median household income is $75,000. Home equity in this zip code is relatively high compared to other areas of the country. In fact, according to Zillow’s 2017 Home Value Report, the average home equity in the U.S. is only $130,000. This means that homeowners in the 97701 zip code have a lot of equity in their homes.

One reason for this high level of home equity is likely due to Bend’s strong economy. The city has been ranked as one of the best places to live in America by Forbes magazine multiple times over the past few years. Additionally, Bend has been experiencing rapid growth over the past few years – it was recently named one of “America’s 25 Best Cities for Young Professionals” by Forbes magazine. This growth has led to increased demand for housing and increased prices for homes and property across the city.

Another factor that may contribute to high levels of home equity in the 97701 zip code are low interest rates. Since 2007, interest rates have been at or near historic lows – meaning that borrowers have had little incentive to borrow money against their homes (other than through government-backed programs like mortgages). As a result, many homeowners in Bend have been able to increase their equity levels by refinancing their mortgages multiple times over the past few years.

Overall, it appears that homeownership and home equity are strong values in the 97701 zip code of Bend – which could be a major factor contributing to its high median household income ($75k). While there are some risks associated with owning a home (like potential market crashes), overall it appears that owning a house or property can be very beneficial financially for many people living here