92506, Riverside, CA

The Riverside, CA 92506 zip code has a population of over 213,000 people and a median household income of over $75,000. The home equity in this zip code is valued at over $1.5 billion, which is significantly higher than the national average of $142,000. This high home equity value is likely due to the large number of affluent residents in this zip code and the strong economy overall.

The Riverside, CA 92506 zip code has seen significant growth in home values over the past few years. In 2013, the median home value was $481,500. By 2016, this value had increased to $585,100. This growth is likely due to several factors: increasing demand from affluent residents; low interest rates; and limited supply of homes available for purchase within this zip code.

Despite these strong trends in home values, there are some risks associated with investing in Riverside homes. For example, if interest rates rise or if the market experiences a downturn later on down the line (which has happened in other areas throughout California), then homeowners could experience significant losses on their investments. Additionally, there is a risk that some potential buyers may not be able to afford to purchase a home within this zip code given its high price tag.