97702, Bend, OR

The 97702 zip code of Bend, OR has a population of around 104,000 people. The median household income in this zip code is $78,500, and the median home value is $269,900. This means that the home equity in this zip code is around $128,000.

The average rate of home equity growth in the 97702 zip code over the past five years has been around 10%. This means that on average, homes in this zip code have increased in value by around $10,000 over the past five years.

There are a number of factors that could be contributing to the high rate of home equity growth in the 97702 zip code. These include strong economic conditions and low interest rates, which are helping to drive up demand for housing stock and increase prices across all sectors of the market. Additionally, there is a large number of families who have been able to take advantage of low interest rates and borrow money against their homes to finance larger purchases or renovations. As a result, there is more demand for homes than there are available units available for sale.