91739, Rancho Cucamonga, CA

The Rancho Cucamonga zip code has a population of around 210,000 people and is located in the San Bernardino County area. The median home value in this zip code is $247,500 which is about average for the area. The homeownership rate in this zip code is around 68% which is lower than the national homeownership rate of 69%. This means that there are a lot of homes that are available for sale but not necessarily being bought.

One reason that home values may be lower in this zip code than elsewhere in the country is because of the high number of foreclosures and short sales. There were 16 foreclosure filings recorded in Rancho Cucamonga during 2016 which was more than any other zip code in California. Additionally, there were 5 short sales recorded during 2016 which was also more than any other zip code in California. These numbers suggest that there are a lot of homes available for purchase but not necessarily being bought at current prices.

Another factor that could be contributing to lower home values in Rancho Cucamonga is the fact that it has been hit hard by the recession. Between 2007 and 2016, the unemployment rate increased from 4% to 10%. This increase in unemployment could lead to fewer people being able to afford to buy a home even if prices were higher than they are currently.