92545, Hemet, CA

The Hemet, CA 92545 zip code has a population of around 108,000 people and is located in Riverside County. The median home value in the zip code is $269,900 which is significantly higher than the national median home value of $177,500. In addition, the Hemet area has a high rate of home equity (around 85%) which indicates that many residents are able to use their homes as collateral for loans or other investments.

One reason why the Hemet area has such a high rate of home equity is likely due to its low unemployment rate (4.5%) and strong economy. Additionally, many residents are likely able to afford homes because they have good jobs with good salaries or they own their homes outright. As a result, there is strong demand for housing in the Hemet area and prices are accordingly high.