97116 Zip Code First-Time Homebuyer Report for October

The 97116 zip code is a zip code in Oregon with a median income of $49,340 per household. Besides being affluent, its population is much older than others with a median age of 33 years. The 97116 zip code market is almost exclusively made up of detached homes, currently accounting for 97% overall. Topping the list of best schools in the zip code is Quatama Elementary School.

Price Range

The 97116 zip code has some of the more expensive homes in the state with a median home value of $187,000 and a current average list price of $359,439. The number of home sales in the 97116 zip code market climbed 14.3% to 32 homes over the last 30 days, exceeding the 28.8 monthly average for the last 12 months.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 97116 zip code:

$190K   $650K   $1.3M  

Typical Dwelling

A three-bedroom detached home valued around $317,895 is considered a typical dwelling in the 97116 zip code. If a buyer was looking for a similar home, they would need good credit and a $63,579 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,512 and the property tax rate is $10.92 per $1,000 of taxable assessed value.

Get started right now by checking out 97116 homes for sale or reviewing 97116 real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Elite Realty Group
Snapped 3 homes in this area
Keller Williams Sunset Corridor
Snapped 8 homes in this area
Nexthome Realty Connection
Snapped 1 home in this area

Agents that specialize in this area
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