92404, San Bernardino, CA

The San Bernardino zip code of 92404 has a median home value of $236,000 and a median home equity value of $135,000. These values are significantly lower than the statewide median home value of $478,500 and statewide median home equity value of $212,500.

There are several factors that may contribute to the low home values in the San Bernardino zip code. One potential reason is that the area has been hit hard by the recession, with unemployment rates above 10% for many years. This has led to a decrease in demand for homes and an increase in foreclosure activity. Additionally, many people who live in this zip code are renters rather than homeowners, which may also have contributed to the low home values.

Despite these challenges, there are some positive indicators for the San Bernardino zip code when it comes to home prices. For example, there is a high concentration of college-educated residents here which could lead to increased demand for homes over time. Additionally, recent development projects in this area could help to boost prices eventually.