92553, Moreno Valley, CA

The 92553 zip code of Moreno Valley, CA has a population of over 210,000 and a median home value of $272,500. The average home equity in this zip code is $142,000. Home prices have increased by an average of 6% annually since 2007. This rate of growth is much faster than the national average which has seen an increase of only 2%.

One reason for the high home equity in this zip code may be the presence of many affluent families. The percentage of households earning over $100,000 is above the statewide and national averages. Additionally, there are a number of large corporations located in this area which may also contribute to the high home values.

Another factor that may contribute to the high home values in this zip code is low interest rates. Since 2007, interest rates have been at historic lows which has made it more affordable to borrow money to purchase a home. Low interest rates also make it more likely that people will be able to refinance their homes at a later date if they decide they want to sell their homes sooner rather than later.