92109, San Diego, CA

The 92109 zip code of San Diego, CA has a median home value of $269,000 and a median home equity value of $130,000. The 92109 zip code is one of the most expensive zip codes in the country. The high home values are likely due to the large number of affluent residents and the strong economy in San Diego.

Despite the high home values, there is still a significant amount of homeownership in the 92109 zip code. Nearly two-thirds (64%) of households in this zip code own their homes, which is above average for San Diego. This high homeownership rate may be due to the strong economy and low unemployment rates in San Diego. Additionally, many people may be able to afford a house even if their home equity is not as high as it could be because they have access to other assets such as savings or retirement accounts.

Despite being one of the most expensive zip codes in California, there has been an increase in home prices over the past few years. The average price for homes sold in the 92109 zip code was $309,500 during 2017, which was up from $286,500 during 2016. This increase may be due to increasing demand for housing stock and limited supply caused by stricter regulations on development near coastal areas.