92028, Fallbrook, CA

The 92028 zip code of Fallbrook, CA has a median home value of $527,000 and a median home equity value of $236,000. The average home size in the 92028 zip code is 2,898 square feet. Approximately 52% of homes in the 92028 zip code are owner-occupied while 48% are occupied by renters.

There has been an increase in home prices in the 92028 zip code over the past five years. In 2012, the median home value was $495,000 and the median home equity value was $183,000. In 2016, the median home value was $527,000 and the median home equity value was $236,000. This indicates that there has been an increase of approximately 33% in house values since 2012 and an increase of approximately 20% since 2016.

One factor that may have contributed to this increase in house values is that Fallbrook is located within a desirable area with high job growth rates and low unemployment rates. Additionally, there is strong demand for housing due to its proximity to major cities such as San Diego and Los Angeles as well as other popular areas such as Rancho Santa Fe and Solana Beach. These factors have led to increased competition for available homes which has resulted in higher prices for properties within the 92028 zip code.