97305 Zip Code's October First-Time Homebuyer Report

97305 is a larger than average zip code in Oregon that has grown at a 10-year growth rate of 32.8%. However, the population of the 97305 zip code ranks as the eighth-largest with 46,809 people. Homes in the 97305 zip code are relatively old with a median age of 26 years. Topping the list of best schools in the zip code is Marion Elementary School.

Price Range

The 97305 zip code has some of the more affordable homes in the state with a median home value of $138,800 and a current average list price of $196,690. The 97305 zip code market slowed this week but remained above average levels as sales slid 7.7% to 12 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 97305 zip code:

$145K   $165K   $120K  

Typical Dwelling

A three-bedroom detached home valued around $224,893 is considered a typical dwelling in the 97305 zip code. If a buyer was looking for a similar home, they would need good credit and a $44,979 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,117 and the property tax rate is $12.22 per $1,000 of taxable assessed value.

Get started right now by checking out 97305 homes for sale or reviewing 97305 real estate trends.


Data reported through 10/13/2016

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