92223, Beaumont, CA

The 92223 zip code of Beaumont, CA has a population of around 137,000 people and a median home value of $253,000. The home equity in this zip code is around $128,000. This means that the majority of homes in this zip code are worth more than their original purchase price.

Home prices in the 92223 zip code have been increasing steadily for the past few years. In fact, according to Zillow’s recent report on California home values, the median home value in this zip code increased by 5% from 2016 to 2017. This trend is likely to continue as more and more people move into this area and invest in homes here.

One reason why home prices have been increasing so much in the 92223 zip code is because there are a lot of new developments being built here. These developments include high-rise apartments and condos as well as single-family homes. In addition, many people who live here are buying homes for the first time or upgrading from their previous homes. As a result, there is a lot of demand for housing stock in this area and prices are going up accordingly.

Another reason why home prices have been rising so much in the 92223 zip code is because interest rates have been low for quite some time now. This has made it easier for people to borrow money to buy homes and also makes it cheaper for them to pay off their mortgages over time. Furthermore, low interest rates make it more affordable for people to invest money into property assets such as real estate properties or stocks. As long as interest rates stay low, there is likely to be continued growth in home values across all types of property assets across America