92284, Yucca Valley, CA

Home Equity and Home Prices in the 92284 Zip Code of Yucca Valley, CA

The home equity and home prices in the 92284 zip code of Yucca Valley, CA are very high. This is likely due to the fact that this area is located in a desirable location, has a low unemployment rate, and a strong economy. The median home value in this zip code is $1,078,000. This is significantly higher than the national median home value of $181,500. In addition, the average home equity loan amount in this zip code is $368,000. This indicates that many homeowners in this area have a considerable amount of equity in their homes.

One reason why home values are so high in this zip code is because there are few available properties for sale. In fact, only 5% of homes for sale in this area are currently available for purchase. As a result, homeowners who want to sell their homes have to accept offers that are above their asking price. Furthermore, there is an abundance of luxury homes available for sale in this area. Therefore, even if you do not live near the beach or mountains (two other popular areas for buyers), your property will still be worth more than average because there are so few other options available on the market.