92029, Escondido, CA

The 92029 zip code of Escondido, CA is located in the San Diego metropolitan area. The median home value in this zip code is $269,900. Home equity in this zip code has increased by 5.4% over the past year and has grown by 10.2% over the past five years. This growth can be attributed to strong job growth and low interest rates.

Escondido is a rapidly growing city that has seen significant job growth over the past few years. The city's unemployment rate currently stands at 3%, which is below the national average of 4%. This strong job market has led to an increase in home values and home equity in this zip code.

Home prices have been on a steady rise since 2012, when they grew by 6%. Since then, they have continued to grow at a consistent rate, increasing by 5.4% over the past year and 10.2% over the past five years. This growth can be attributed to strong job growth and low interest rates.

Home equity is important for many people because it provides them with access to their homes' value should they need to sell them or use them as collateral for a loan. Home equity allows people to save money on their monthly mortgage payments and also allows them to take advantage of higher home prices if they decide to sell their homes later on down the road.