92555, Moreno Valley, CA

The 92555 zip code of Moreno Valley, CA has a population of over 207,000 and a median household income of over $86,000. The home equity and home prices in this zip code are both very high. As of March 2019, the median home value in this zip code is $527,500 and the median home equity value is $281,500. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price growth rate in this zip code from March 2018 to March 2019 was 5%. This indicates that there is a lot of demand for homes in this zip code and that prices will continue to rise.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for homes here. The average commute time to work in this zipcode is only 23 minutes, which makes it an ideal place to live if you want to be close to work. Additionally, many people living in this area commute into Los Angeles or Orange County for work, which means that there is a lot of demand for housing here. In addition to being an attractive place to live due to its proximity to major cities and its low commute time, Moreno Valley also has many amenities that people want when they buy a house: good schools (the school district has been rated as one of the best districts in California), plenty of shopping options (including several large malls), and plenty of recreational opportunities (including an Olympic-sized pool). These factors all contribute to making the 92555 zip code one of the most desirable places to live in California.

Another reason why the home equity and home prices are so high in this area is because there are relatively few houses available for sale compared with other areas around California. For example, as of March 2019 there were only 2 houses available for sale per 1000 square feet compared with 4 houses per 1000 square feet across all ZIP codes within Orange County according to Zillow data1 . This means that there is strong competition among buyers for homes available here which drives up prices. Additionally, many people who live in Moreno Valley own their homes outright rather than using mortgages or other forms of financing which also contributes significantly towards high home values here. Finally, although mortgage rates have recently increased slightly from historic lows2 , they remain much lower than rates charged during peak housing market conditions3 , meaning that homeownership remains an attractive option relative to buying a house with a mortgage4 .

Overall then, it can be said that both the high level of demand for homes as well as low levelsofavailablehousingaremajor contributorstohighhomeequityandhomepricesinthe92555zipcodeofMorenoValley,. Whilethereisadangerthatpricesmaybeweakerthanduringpeakmarketconditionsifmortgageratesincreasemoresignificantlythantheyhaverecently,,fornowhomesinthiszipcoderemainattractiveoptionsforinvestorsand homeowners alike