97801, Pendleton, OR

The 97801 zip code of Pendleton, OR has a median home value of $128,000. This is lower than the Oregon median home value of $239,500. The 97801 zip code also has a lower than average home equity rate of 54%. This means that homeowners in this zip code have less equity in their homes than average.

There are several factors that may contribute to the low home equity rate in the 97801 zip code. One reason may be that Pendleton is a rural area and there are not as many opportunities for people to buy or sell homes. Additionally, Pendleton has been experiencing slower growth rates over the past few years, which could lead to fewer sales and less opportunity for people to increase their equity in their homes.

Despite these factors, there are still some homeowners in the 97801 zip code who have managed to increase their equity in their homes over time. This suggests that there is potential for increased home values in this area if the economy rebounds and more people are able to purchase or sell homes.