97848, Kimberly, OR

Home Equity and Home Prices in the 97848 Zip Code of Kimberly, OR

The zip code of 97848 in Oregon has a median home value of $247,000. This is higher than the national median home value of $177,500. The zip code also has a lower than average unemployment rate of 3.4%. This indicates that there are many opportunities available to those looking to purchase or build a home in this area.

The average price per square foot for homes in the zip code is $119 which is higher than the national average price per square foot of $97. The percentage of homes sold within the last year that were priced over asking was 17%. This indicates that there are many buyers who are willing to pay more for a home than what it is currently listed at.

There are many factors that contribute to the high prices and high demand for homes in this area including its close proximity to Portland and its low crime rates. Additionally, Kimberly is an affluent community with a high percentage of families with incomes over $100,000. These factors have led to an increased demand for homes in this area which has translated into higher prices and more opportunities for homeownership.