92249, Heber, CA

The 92249 zip code of Heber, CA has a median home value of $269,000. The home equity in this zip code is $141,000. This means that the average homeowner in this zip code has over 50% of their home equity invested in their home. This is a higher percentage than the national average of 37%.

There are a number of factors that contribute to the high home equity in this zip code. One reason is that Heber is a relatively affluent area. The median household income here is $101,500, which is above the national median of $53,046. Additionally, there are a number of wealthy residents who have invested in homes here. For example, one-third of all households in this zip code have an income over $200,000.

Another factor that contributes to the high home equity in this zip code is the low rate of foreclosure activity here. In fact, only 2% of all homes here are currently for sale and just 1% are for rent. This low rate of foreclosure activity helps to keep prices high and ensures that homeowners have plenty of leverage when negotiating with sellers or landlords.

Overall, it appears that homeownership and home equity remain strong values in Heber and surrounding areas. This may be due to factors like high incomes and low rates of foreclosure activity