92656, Aliso Viejo, CA

The 92656 zip code of Aliso Viejo, CA has a median home value of $1,099,000. This is higher than the California median home value of $839,500. The 92656 zip code also has a higher than average percentage of homes with a mortgage at 97%. This indicates that most homeowners in this zip code are able to afford their homes without relying on loans.

Home equity is an important part of many people's lives. It can provide them with financial stability and allow them to invest in other areas of their lives. Home equity can also be used to pay off debts or buy additional property.

There are several factors that can affect home prices and home equity in a given area. These include the economy, interest rates, local housing market conditions, and the availability of mortgages.

The economy is one factor that can affect home prices and home equity in a given area. When the economy is strong, there are more jobs available and people have more money to spend on things like housing. Conversely, when the economy is weak, there are fewer jobs available and people have less money to spend on things like housing.

Interest rates are another factor that can affect home prices and home equity in a given area. Interest rates determine how much interest homeowners must pay on their mortgages each month. When interest rates are high, it becomes more expensive for homeowners to borrow money against their homes' values (this is known as "principal repayment"). As a result, they may choose not to buy or sell their homes for awhile because they think the price will not be worth it (this is known as "market cooling"). Conversely, when interest rates are low, it becomes cheaper for homeowners to borrow money against their homes' values (this is known as "principal reduction"). As a result, they may choose to buy or sell their homes more frequently because they think the price will be worth it (this is known as "market heating").