92584, Menifee, CA

The Menifee zip code has a population of about 117,000 people and an average home value of $269,000. The median home value in the Menifee zip code is $254,000. Home equity in the Menifee zip code is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Index report, the Menifee zip code has a home equity index score of 106.7 which is above the national average of 100. This means that homes in this area are worth more than what is owed on them and homeowners have more money available to use for other purposes such as buying a new car or paying off debt.

One reason why home equity is high in the Menifee zip code is because there are a lot of affluent residents living here. The median household income in this area is $107,500 which makes it much easier for people to afford homes that are worth more than what they owe on them. Additionally, many people who live in the Menifee zip code own their homes outright which also contributes to high home equity levels. There are also a lot of luxury homes located in this area which also contributes to high home values.