92234, Cathedral City, CA

Home Equity and Home Prices in the 92234 Zip Code of Cathedral City, CA

There is no doubt that home equity is one of the most important assets a person can have. It gives people the ability to borrow money against their homes, pay off debt, and invest for the future. In addition, home prices are an important factor in determining a person's quality of life.

According to Zillow, the median home value in Cathedral City was $269,000 as of September 2017. This means that half of all homes in this zip code are worth more than $269,000. Considering that this is a relatively small city (population just over 30,000), it is not surprising that there is such a wide range in home values. The lowest value house on Zillow (which is not actually located in Cathedral City) was listed for $139,900 while the highest value house was listed for $1 million. So even though Cathedral City has a median home value of $269K, there are definitely houses within this zip code with values ranging from around $139K to over $1 million!

One reason why home prices can vary so much from one house to another is because Cathedral City has a very low rate of homeownership (just under 50%). This means that there are many houses on the market that have not been lived in for long periods of time and may be less likely to sell at a high price. Conversely, there are also many houses here that have been owned by someone for many years and may be more likely to sell at a high price due to their rarity or historical significance. As you can see from looking at Zillow's list of median values above, even within close proximity to each other (within 1 mile), there are houses with wildly different prices!

So if you're thinking about buying or selling your home in Cathedral City – or anywhere else – make sure you consult with an experienced real estate agent who can help you assess your specific situation and find the best possible deal!