91320, Newbury Park, CA

The 91320 zip code of Newbury Park, California is located in Ventura County and has a population of approximately 54,000. The median household income in the zip code is $101,890 and the median home value is $527,500. Over the past five years, home values have increased by an average of 8.4% while the Consumer Price Index has only increased by 2.9%. This discrepancy can be attributed to a number of factors including low interest rates and strong demand for housing in certain areas.

In terms of home equity, homeowners in the 91320 zip code have an average equity value of $269,000 which is significantly higher than the statewide average equity value of $151,200. Additionally, homeowners in this zip code have an average mortgage balance of $299,000 which is also above the statewide average mortgage balance of $269,100. These high levels of equity and debt indicate that homeowners in this area are very confident about their ability to maintain their homes and continue to enjoy positive returns on their investments.

Despite these positive trends, there are some caveats that should be considered when analyzing home values and equity in the 91320 zip code. First and foremost is that not all homeowners within this area are experiencing similar levels of success; while some homes have appreciated rapidly over recent years others have seen much slower growth or even declined in value since 2007-2008 due to market conditions outside their control (e.g., recession). Additionally, although mortgage balances are high relative to statewide averages they may not reflect actual affordability given prevailing interest rates (currently at 3% for 30-year fixed-rate mortgages). Finally it should be noted that although prices have increased significantly over recent years there remains significant opportunity for buyers who are willing to pay more than current market values; particularly those looking for properties located within desirable neighborhoods with good schools or access to public transportation.