92397, Wrightwood, CA

Home Equity and Home Prices in the 92397 Zip Code of Wrightwood, CA

There is no doubt that home equity is one of the most important assets a person can have. It gives people the ability to borrow money against their homes, pay off debt, and invest for the future. In addition, home prices are often a good indicator of the overall economy. When there is an increase in home prices, it generally means that there is an increase in demand for housing and other goods and services. Conversely, when there is a decrease in home prices, it generally means that there is a decrease in demand for housing and other goods and services.

According to Zillow’s 2018 Home Value Index report (ZHVI), the median home value in Wrightwood was $481,200. This represents an increase of 2% from 2017 ($474,600). The ZHVI report also shows that Wrightwood has seen some significant price appreciation over the past few years – since 2013 alone, the median home value has increased by 27%. This indicates that there is strong demand for property in this zip code.

Interestingly enough, while Wrightwood has seen some significant price appreciation over recent years, it hasn’t been without its challenges. For example, according to Trulia’s 2019 State of Housing report (SOH), Wrightwood ranks as one of California’s most expensive zip codes – with a median list price of $849K/home! This high cost may be contributing to slower growth rates in home values here compared to other areas within California (where growth rates have been much higher). However, despite these challenges – including high costs – many people are still choosing to live in Wrightwood due to its great amenities and quality of life.