91702, Azusa, CA

The 91702 zip code of Azusa, CA has a population of over 130,000 people and a median home value of $269,500. The home equity in this zip code is high due to the low interest rates and strong economy. In addition, the homes in this area are generally newer and in better condition than those in other parts of the country.

The average interest rate on a 30-year fixed-rate mortgage was 3.92% in September 2016 according to Freddie Mac. This means that homeowners can borrow money at a low interest rate and use it to buy or refinance their home. The average price of a house in the 91702 zip code increased by 6% from January 2016 to September 2016 according to Zillow. This indicates that there is strong demand for homes in this area and that homeowners are able to afford them.

Home prices have been increasing steadily since 2007, when they were just above $200,000 according to Zillow. Over the past six years, they have increased by an average of 10%. This indicates that there is strong demand for homes in the 91702 zip code and that homeowners are able to afford them even with high home equity values.