92395, Victorville, CA

The Victorville, CA 92395 zip code has a population of around 134,000 people and is located in the Inland Empire region of Southern California. The median home value in this zip code is $236,500 which is significantly higher than the national median home value of $181,600. Victorville also has a high rate of home equity ownership with over 60% of households owning their homes outright or with a mortgage that is less than 90% of the value of their homes. This high level of homeownership contributes to the high rate of home prices in this zip code.

Another important factor contributing to the high rate of home prices in Victorville is the low level of unemployment and poverty rates. The unemployment rate in Victorville was 3.9% as of May 2017 which is much lower than both the statewide unemployment rate (4.2%) and the national unemployment rate (4%). Similarly, poverty rates in Victorville are also much lower than both statewide and national poverty rates which were 10.5% and 15%, respectively, as of May 2017. These low levels of unemployment and poverty lead to strong demand for housing stock which drives up home prices in this area.

Overall, it can be said that there are many factors contributing to the high level of home values in Victorville including its low levels of unemployment and poverty rates, its high homeownership rate, and its moderate costofliving index score (100). While there may be some areas where prices may eventually decline due to economic conditions or other factors, it appears that for now at least, Victorville remains oneofthe most expensive places to livein Californiaand oneofthemost desirable places to livein America