97111 Zip Code's October First-Time Homebuyer Report

The population of the 97111 zip code is growing faster than the rest of Oregon, at a 10-year growth rate of 29.0%. It's an average-sized zip code compared to the rest of the state, with 3,302 residents. The 97111 zip code is made up of homes that are considered relatively old with a median of 38 years. Heading the list of top schools in the zip code is Free Orchards Elementary School.

Price Range

The median value of homes in the 97111 zip code is $188,800, making it one of the most valuable areas in Oregon. At the same time, the average list price of available homes is presently $415,198. The number of home sales in the 97111 zip code market rose 14.3% to eight homes over the last 30 days.

Make sure you take a look at these eye-catching homes in the 97111 zip code that generated the most views from potential buyers:

$5M   $750K   $665K  

Typical Dwelling

A three-bedroom detached home valued around $412,053 is considered a typical dwelling in the 97111 zip code. If a buyer was looking for a similar home, they would need good credit and a $82,411 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,404 and the property tax rate is $11.02 per $1,000 of taxable assessed value.

Get started right now by checking out 97111 homes for sale or reviewing 97111 real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
David Walsh
Snapped 1 home in this area

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