97543, Wilderville, OR

The Wilderville zip code, 97543, has a population of approximately 8,000 people. The median household income in this zip code is $87,500. Home prices in the Wilderville zip code have increased by an average of 10% over the past three years. In addition, the home equity in this zip code has increased by an average of 18%.

There are several reasons why home prices and home equity have increased in the Wilderville zip code. First, there is a low unemployment rate in this area which has led to more demand for homes. Second, there is a strong economy which has led to more jobs and higher wages. Third, there is limited inventory of homes available which has driven up prices. Fourth, interest rates are low which makes it easier for people to borrow money to buy homes. Fifth, Wilderville is located in a desirable location with plenty of amenities such as schools and shopping centers. Sixth, many homeowners have taken advantage of government programs such as refinancing or using HELOCs (home equity lines of credit) to increase their home equity. Finally, many homeowners have made improvements to their homes such as adding new windows or decks which have also contributed to increasing home values