92505, Riverside, CA

The Riverside, CA 92505 zip code has a population of over 1 million people and is home to many large corporations. The median home value in the zip code is $269,000, which is higher than the California median home value of $215,000. The average home equity in the zip code is $144,000.

Riverside has a high rate of homeownership and a low rate of foreclosure. This indicates that there are many people who are able to use their homes as collateral for loans and keep them in their own names. There are also many people who have taken out second mortgages on their homes to help them purchase or improve their homes. This shows that there is a lot of liquidity in the housing market in Riverside.

There has been an increase in home prices over the past few years due to strong demand from buyers and limited supply from builders. This has caused homeowners to see their equity values increase significantly over this time period. There have also been increases in mortgage rates which have made it more expensive for buyers to purchase homes outright or take out second mortgages on their homes.