92354, Loma Linda, CA

Home Equity and Home Prices in the 92354 Zip Code of Loma Linda, CA

The home equity and home prices in the 92354 zip code of Loma Linda, CA are very high. The median home value in this zip code is $269,900, which is more than triple the national median home value of $117,500. The average home value in this zip code is also much higher than the California statewide average of $209,700. This indicates that there are a lot of homes in this zip code that are worth a lot more than what most people would consider to be a reasonable price.

One reason why the homes in this zip code are so valuable is because they are located near some of the best schools in California. The schools located within a few miles of this zip code include Loma Linda University and California State University- Loma Linda. These schools have a large number of students who can afford to buy or rent homes in this area. Additionally, many jobs located within close proximity to this zip code also tend to be high-paying jobs with good benefits. As a result, there is an abundance of people who can afford to buy or rent homes here even if they don't have much money saved up already.

Despite the high values associated with homes in this area, it's important to keep in mind that not everyone can afford to live here. In fact, according to Zillow's 2018 Cost Of Living Index report, Loma Linda ranks as one of the most expensive places to live in California overall. This means that even if you can afford to buy or rent a home here, you may not be able to afford all your expenses on your own without having to take on extra debt or work extremely hard at finding ways to save money each month.