91708, Chino, CA

The Chino, CA zip code 91708 has a population of over 167,000 people and a median household income of over $60,000. The home equity and home prices in this zip code are both very high. As of September 2017, the median home value in this zip code was $527,500 and the median home equity value was $291,100. This is a very high percentage compared to other zip codes in California.

One reason for the high home values in this zip code is that it is located in one of the most affluent areas of California. Chino is located just east of Los Angeles and has a large population of affluent people who are able to afford to buy homes here. Additionally, many homes in this area were built before 2007 when the housing market crashed and prices went down. Since then, many homeowners have been able to refinance their homes at lower interest rates and have seen their home equity increase significantly.

Another reason for the high home values in this zip code is that there are not many available properties for sale. The number of homes available for sale has decreased significantly over the past few years due to increasing demand from buyers who are able to afford these high prices. This situation will likely continue until there are more available properties on the market or until interest rates go down further which would make buying a house more affordable for potential buyers.