92582, San Jacinto, CA

Home Equity and Home Prices in the 92582 Zip Code of San Jacinto, CA

The home equity and home prices in the 92582 zip code of San Jacinto, CA are very high. The median home value in this zip code is $1,812,000. This is a far cry from the median home value of $236,500 that is found nationwide. In fact, only 2% of zip codes have a higher median home value than the 92582 zip code.

One reason for this high median home value is that there are a lot of expensive homes in this zip code. In fact, 36% of all homes in this zip code are worth more than $1 million. This concentration of wealth has led to an increase in demand for property in this area and has driven up the median home value accordingly.

Another reason for the high median home value in the 92582 zip code is that there are a lot of wealthy people living here. The percentage of households that earn over $100,000 per year is significantly higher than average (14% vs 6%). This concentration of wealth has led to an increase in demand for property here and has driven up the median home value accordingly.

Despite these factors, not everyone who lives in the 92582 zip code can afford to buy a house at these prices. Only 37% of households earn enough money to afford a house at or above market rate (which means their mortgage payments would cover more than 30%of their monthly income). This leaves many people who want to live in this area out on a limb financially.

Overall, despite its high Median Home Value and concentration of wealth, the 92582 ZIP Code still offers some great opportunities for homeownership if you can afford it. With so many expensive homes available and such a small percentage earning enough money to purchase one at market rate, there's definitely room for someone looking to buy property here!