92027, Escondido, CA

The 92027 zip code of Escondido, CA has a median home value of $269,000 and a median home equity value of $128,000. The average home price in the 92027 zip code has increased by 9.5% over the past year and is currently at its highest point since 2007. The 92027 zip code is also experiencing an increase in home prices compared to other areas within California.

There are many factors that contribute to the increase in home prices in the 92027 zip code of Escondido, CA. One reason for this increase is that there are more homes available for sale than there are buyers interested in purchasing these homes. This situation has resulted in a decrease in the number of homes available for purchase and an increase in the number of homes that are being sold. Additionally, interest rates have remained relatively low throughout most of 2018 which has helped to boost home values even further.

Despite these positive trends, there are some risks associated with buying a home in the 92027 zip code of Escondido, CA. One risk is that interest rates could rise which would lead to a decrease in the value of your home. Another risk is that you may not be able to find a buyer who is willing to pay as much for your house as you want it sold at. Finally, if you decide to sell your house soon after buying it, you may experience a loss on your investment due to depreciation (the decrease in value caused by wear and tear).