91978, Spring Valley, CA

The Spring Valley, CA 91978 zip code has a median home value of $465,000. The home equity in this zip code is $187,000. This means that the average homeowner in this zip code has over 50% of their home equity invested in their home. This is a higher percentage than the national average of 33%.

There are a number of factors that contribute to the high home equity in this zip code. One reason is that homes here are generally newer and larger than homes in other parts of the country. Additionally, many homeowners here have taken advantage of low interest rates to borrow against their homes' value and increase their equity holdings.

Another factor contributing to the high home equity in this zip code is the relatively low rate of foreclosure activity here. In fact, only 2% of all homes in this zip code are currently foreclosed on, which is much lower than the national average of 5%. This low foreclosure rate likely reflects strong economic conditions and healthy housing market fundamentals in Spring Valley.

Overall, homeownership rates are high and home values are high relative to other parts of the country due to a number factors including strong economic conditions and healthy housing market fundamentals.