91766, Pomona, CA

The Pomona, CA 91766 zip code has a population of over 210,000 people and is located in the Inland Empire region of Southern California. Home prices in this zip code have increased significantly over the past few years, reaching a median sale price of $465,000 in 2016. The majority of homes in this zip code are single-family dwellings, with around 60% being owner-occupied and 40% being rented.

Home equity is an important asset for many homeowners in the Pomona, CA 91766 zip code. Homeowners who have built up significant equity in their homes can use this equity to finance other investments or to pay down debt. Additionally, home prices tend to be higher in areas with strong job markets and low unemployment rates. As a result, homeowners in the Pomona 91766 zip code can expect to earn a higher return on their home equity investment than homeowners elsewhere in Southern California.

Despite these benefits, home equity is not without risk. If interest rates rise or if the value of the housing market declines significantly, homeowners may find themselves unable to repay their loans or facing significant losses on their investments. It is important for homeowners who are considering investing in home equity to consult with a financial advisor before making any decisions.