92557, Moreno Valley, CA

The 92557 zip code of Moreno Valley, CA has a population of over 210,000 and a median home value of $269,500. The average home equity in this zip code is $128,000. This means that the majority of homes in this zip code are owner-occupied and have significant equity.

Home prices in the 92557 zip code have been increasing steadily for the past few years. In 2015, the median home value increased by 7% compared to 2014. This increase was likely due to an influx of new residents and investors into the area who are looking for high-quality housing options. In addition, there has been an increase in jobs and wages in Moreno Valley over the past few years which has helped to drive up prices.

Despite these positive trends, there are still some areas of concern for home buyers in the 92557 zip code. One issue is that there is a large amount of inventory available on the market which is causing prices to decline slightly each month. Additionally, interest rates have remained relatively low which may be contributing to slower sales activity. However, overall it appears that home values continue to rise steadily in this area and buyers should feel confident about their chances of finding a good deal if they decide to purchase a home here."