92276, Thousand Palms, CA

The 92276 zip code of Thousand Palms, CA has a median home value of $269,000 and a median home equity value of $147,000. These values are significantly higher than the statewide median home value of $181,600 and statewide median home equity value of $130,800. The high home values in the 92276 zip code may be attributable to the large number of wealthy residents in this area or to the relatively low rate of foreclosure activity in this area.

Despite the high home values in the 92276 zip code, it is not uncommon for homeowners to find themselves with negative equity. This occurs when a homeowner's total mortgage debt exceeds their total worth of their homes. In most cases, homeowners can overcome negative equity by refinancing their mortgages or by selling their homes for more than they owe on them.