92114, San Diego, CA

The 92114 zip code of San Diego, CA has a median home value of $269,000 and a median home equity value of $141,000. The 92114 zip code is in the top 10% of all zip codes in California for both home values. The 92114 zip code has seen an increase in home values over the past five years, with a 5.2% increase from 2012 to 2016. This is likely due to the increasing demand for housing in San Diego and the surrounding areas.

Home equity is important because it allows homeowners to use their homes as collateral for loans or other financial products. Homeowners who have high levels of home equity are more likely to be able to afford larger mortgages or take out HELOCs (home equity lines of credit). Homeowners who have low levels of home equity may find it difficult to obtain loans or financing products that require a down payment on their homes. Additionally, homeowners who have high levels of home equity are more likely to be able to sell their homes at a higher price than homeowners who have low levels of home equity.