97524, Eagle Point, OR

The 97524 zip code of Eagle Point, Oregon is located in the Willamette Valley and has a population of approximately 5,000. The median household income in the zip code is $92,500 and the median home value is $269,900. In recent years, home prices have increased significantly in this area as demand has outstripped supply.

Home equity is important to many people because it provides them with an asset that they can use to finance other purchases or to save for retirement. Home equity also provides homeowners with a measure of financial security in times of economic uncertainty.

According to Zillow, the average home value growth rate for ZIP codes within 10 miles of Eagle Point was 12% from 2016 to 2017. This means that homes in this area are worth an average of $27,000 more than they were a year ago. While prices may continue to increase in the near future, there are some factors that could cause them to decline as well. For example, if interest rates rise then borrowers will be required to pay more on their mortgages and this could lead to a decrease in home values.