97814, Baker City, OR

Baker City, Oregon is located in the 97814 zip code. The zip code has a population of just over 10,000 people and an average home value of just over $200,000. Home values have been on the rise in this zip code for the past few years, with prices increasing by an average of 7% each year. In 2018, home values reached their highest point yet with an increase of 8%.

The main reason for the increase in home values is likely due to strong demand from buyers and investors alike. Baker City is located in a desirable area with plenty of jobs and opportunities nearby. Additionally, there are many families who are looking to downsize or move up into a larger home after growing children out of the house. As a result, there is high demand for homes in this zip code and competition among buyers is fierce.

Despite the strong demand for homes in this zip code, there are some risks associated with buying a home here. One risk is that prices could drop significantly if there are any major economic or political events that negatively impact the local economy. Another risk is that interest rates could go up which would make it more expensive to borrow money to purchase a home. Finally, although Baker City has seen steady growth in its housing market over recent years, it’s important to keep in mind that markets can change quickly so it’s always best to do your research before making any decisions about buying or selling a home.