92335, Fontana, CA

Fontana, CA is located in the San Bernardino County and has a population of over 120,000 people. The median household income in Fontana is $81,500 and the median home value is $269,900. Home equity in Fontana has increased by over 20% since 2007 and is currently at $296,200.

The reason for this increase in home equity may be due to several factors. First, Fontana has been experiencing an influx of new residents who are purchasing homes at a higher price than before. Second, the market for residential properties in Fontana has remained strong despite economic recessionary conditions that have affected other parts of the country. Finally, Fontana's low interest rates have made it easier for homeowners to refinance their mortgages and increase their home equity levels.

Despite these positive trends, there are some risks associated with increasing home equity levels in Fontana. First, if interest rates rise or the market for residential properties decreases, then homeowners could experience a decrease in their home equity levels. Second, if someone were to lose their job or suffer a financial setback that prevented them from making mortgage payments on time or refinancing their mortgage into a more favorable rate structure, then they could lose all or part of their home equity investment in Fontana.