October's First-Time Homebuyer Report for 97405 Zip Code

The 97405 zip code is a zip code in Oregon with a median income of $52,707 per household. Besides being affluent, its population is older than others with a median age of 42 years. Detached homes account for 98% of the area's current housing market. The top schools in the zip code are Edison Elementary School and Beaumont Middle School.

Culture

According to Foursquare, Spencer Butte Park and Sweet Cheeks Winery are the most popular outdoor attractions in 97405. Recommended places to eat are Mazzi's, Hideaway Bakery, and Laughing Planet Caf. To top it off, one of the most popular places to get a drink is The Old Pad.

Price Range

Some of the more expensive homes in Oregon are in the 97405 zip code with a median home value of $220,000 and an average list price for available homes currently at $370,769. The 97405 zip code market broke below its 12-month average sales volume this week as sales dropped 18.5% to hit 53 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in the 97405 zip code that generated the most views from potential buyers:

$229K   $210K   $369K  

Typical Dwelling

The typical dwelling in the 97405 zip code is a three-bedroom detached home worth about $333,665. To purchase a similar home, a buyer with good credit and a $66,733 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,479 monthly payment. The property tax rate is $10.72 per $1,000 of taxable assessed value.

Get started right now by checking out 97405 homes for sale or reviewing 97405 real estate trends.


Data reported through 10/13/2016

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RE/MAX Integrity
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