92508, Riverside, CA

The Riverside, CA 92508 zip code has a population of over one million people and is home to many high-income families. The median household income in the zip code is over $100,000, and the median home value is over $500,000. This high level of wealth has led to a strong demand for homes in the area, which has resulted in very high home equity and home prices.

As of March 2016, the average home equity in the Riverside 92508 zip code was $527,000. This means that homeowners in this area have more than twice as much money as they did five years ago ($196,000). In addition, the average home price in this zip code has increased by almost 50% since 2013 ($362,500). These high levels of wealth and property values have led to widespread speculation in the area – many people are buying or selling homes simply because they believe that their value will continue to increase.

However, there are also many people who are benefiting from these high levels of home equity and home prices. For example, many homeowners use theirhome equity to finance new purchases or renovations – allowing them to build up their wealth even further over time. Additionally, those who own homes in Riverside 92508 can often borrow against their property value without having to worry about interest rates – making it an attractive investment option for those who want to take advantage of rising prices.