91945, Lemon Grove, CA

The 91945 zip code of Lemon Grove, CA has a median home value of $269,900 and a median home equity value of $128,700. This compares favorably to the national median home value of $183,600 and the national median home equity value of $142,200.

Lemon Grove is located in San Diego County and has a population of approximately 69,000. The majority (approximately 60%) of residents are homeowners while the remainder are renters. Homeownership rates in Lemon Grove are above the national average and rentership rates are below the national average. This suggests that homeowners in Lemon Grove have more equity in their homes than homeowners in other parts of the country.

The reason for this may be due to several factors including low interest rates and strong job growth in Lemon Grove over the past few years. Additionally, Lemon Grove has been experiencing relatively low levels of foreclosure activity which may also contribute to high levels of homeowner equity.

Despite these positive trends, there are some challenges facing homeowners in Lemon Grove. One issue is that housing prices have increased faster than incomes over the past few years which may make it difficult for some residents to afford a down payment on a new home or to maintain their current homes if they decide to sell them. Another challenge is that many potential buyers who could afford homes in Lemon Grove don't currently live here because housing prices are too high relative to incomes. If housing prices continue to increase at their current rate, this could create an affordability crisis for residents who want to buy or rent homes in Lemon Grove