92629, Dana Point, CA

The 92629 zip code of Dana Point, CA has a median home value of $1,149,000 and a median home equity value of $537,000. These values are higher than the statewide median home value of $835,000 and the national median home equity value of $177,200. The high home values in the 92629 zip code may be due to its location on the Pacific Coast Highway and its proximity to major cities such as Los Angeles and San Diego.

The average monthly mortgage payment for homes in the 92629 zip code is $2,527. This is lower than the statewide average monthly mortgage payment of $2,898 and the national average monthly mortgage payment of $2,891. The lower mortgage payments in the 92629 zip code may be due to its low interest rates or because many homeowners have mortgages that are adjustable-rate or fixed-rate.

Homeowners in the 92629 zip code have an overall positive net worth – their total assets (property values plus savings accounts, stocks and other investments) are greater than their total liabilities (mortgage payments plus other debts). This positive net worth indicates that most homeowners are able to cover their expenses with their property wealth alone – they do not need to rely on outside sources (such as wages) to support themselves financially.