92203, Indio, CA

The 92203 zip code of Indio, CA has a population of about 102,000 people. The median household income in this zip code is $51,000 and the median home value is $215,000. The percentage of homes that are owner-occupied is about 68%, and the percentage of homes that are renter-occupied is about 32%.

There has been a lot of discussion recently about the potential for a housing market crash in California. However, according to Zillow's Home Value Index (HVI), the 92203 zip code is one of the least likely to experience a housing market crash in California. In fact, if you exclude San Francisco and Marin counties from the analysis, only 2% of zip codes across America have a lower HVI than Indio's 92203 zip code.

This may be due to several factors. First, Indio's economy is relatively stable compared to other parts of California. Second, there are relatively few households in this zip code that owe more on their mortgage than their home value – only 2% of households in this zip code owe more on their mortgage than their home value. Third, there are relatively few households in this zip code that owe more on their credit card than their home value – only 1% of households in this zip code owe more on their credit card than their home value. Fourth, Indio's homeownership rate is high compared to other parts of California – 68%of homes in this zipcode are owner-occupied vs 31% statewide average homeownership rate and 41% nationwide average homeownership rate as reported by Zillow. Finally, prices have not increased as much as they have nationally over the past year or two – according to Zillow's Home Price Index (HPI), prices increased by 5% nationwide from January 2016 through January 2017 while prices increased by 10% nationwide from January 2015 through January 2017 according to Trulia's Housing Price Index (HPI). This suggests that although there may be some localized issues with specific neighborhoods or areas within Indio (such as low inventory levels), overall demand for housing remains strong within this community which could help keep prices stable or even increase over time if current trends continue