92321, Cedar Glen, CA

The home equity and home prices in the 92321 zip code of Cedar Glen, CA are reflective of the overall market conditions in the area. The median home value in this zip code is $304,000, which is lower than the statewide median home value of $480,000. Additionally, the percentage of homes that are owner-occupied is lower than the statewide percentage of owner-occupied homes at 63%. This indicates that more homes are being purchased by investors or renters rather than individuals who live in their homes outright.

Despite these market conditions, there are a number of homeowners who have benefited from rising home values over the past few years. For example, someone who bought their home in Cedar Glen six years ago would now have a total equity value of $373,000. This means that they would be able to borrow up to 97% of their current house value (or $321,000) without having to pay any interest on that loan. In comparison, someone who bought their home today would only be able to borrow 80% (or $315,000) of its current value without incurring any interest charges.

Overall, it appears that most homeowners in this zip code are benefiting from rising prices and strong demand for housing stock. However, given the current market conditions it's important for buyers to do their research before making an offer on a property and to be aware of potential risks associated with buying a property in this area.