92551, Moreno Valley, CA

The 92551 zip code of Moreno Valley, CA has a population of over 210,000 and a median home value of $294,500. The home equity in this zip code is approximately $126 million. This means that the average homeowner in this zip code has over $128,000 in equity in their home.

The average home value in the 92551 zip code has increased by 10% since 2007. This is likely due to the strong economy and low interest rates during that time period. Additionally, there are many homes for sale in this zip code which may also contribute to the increase in home values.

Home prices are likely to continue increasing in the 92551 zip code as long as there are still available homes for sale and buyers have enough money to purchase them. It is important to note that while home values have increased significantly over the past few years, they may not continue to rise at this rate indefinitely.