97523, Cave Junction, OR

Home Equity and Home Prices in the 97523 Zip Code of Cave Junction, OR

The zip code of 97523 in Oregon has a median home value of $216,000. This is higher than the national median home value of $177,500. The percentage of homes in this zip code that are valued at over $250,000 is also high at 34%. This indicates that there are a lot of homes in this area that are worth a lot more than the average home value.

One reason why the homes in this zip code are so valuable is because they are located in an area that is popular with retirees. There are many golf courses and other recreational facilities nearby, which means that people who live here can enjoy plenty of activities without having to spend a lot on transportation costs.

Another factor that contributes to the high values of homes in this area is the low unemployment rate. In fact, according to recent data from the Bureau of Labor Statistics (BLS), Cave Junction has an unemployment rate of only 2%. This means that there is plenty of demand for housing here and people who want to buy a home can do so without worrying about finding a job soon after they make their purchase.

Overall, it seems clear that there are many reasons why homes in the 97523 zip code are worth so much money. If you're interested in buying one yourself, it's definitely worth considering whether or not you can afford to do so based on your income and other financial commitments.