92311, Barstow, CA

Home Equity and Home Prices in the 92311 Zip Code of Barstow, CA

The home equity and home prices in the 92311 zip code of Barstow, CA are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $106,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, 44% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 27%.

One reason for this high level of home equity and home prices in the 92311 zip code of Barstow, CA may be due to its strong economy. The unemployment rate here is only 4%, which is much lower than the national average unemployment rate of 6%. Additionally, there are a number of businesses located in this area that may be contributing to the high level of home equity and home prices. For example, there are a number of technology companies located here that may be contributing to the high level of demand for housing stock.

Despite these factors, it's important to remember that not everyone can afford to live in a highly valued area like the 92311 zip code of Barstow, CA. In fact, according to Zillow's 2016 Home Value Index report , only 36%of households living in this zip code have incomes above $100K annually. This means that a significant portionof households livinginthiszipcodearenotablefortheirhighlevelsofhomeequityandhomeprices.