92705, Santa Ana, CA

The Santa Ana zip code of 92705 has a population of over 1 million people and is located in Southern California. The median home value in the zip code is $481,000, which is significantly higher than the national median home value of $217,500. In addition, the percentage of homes in the zip code that are owner-occupied is significantly higher than the national percentage of owner-occupied homes at 63%. This indicates that there are a lot of people in this area who are able to afford to buy or rent a home.

One reason why the home values in this area are so high is because there is a lot of demand for housing here. The population growth rate in Santa Ana has been above average over the past few years, which means that there are more people moving into this area every year. Additionally, many people who live in Santa Ana own their homes and don't need to worry about finding another place to live. This means that there isn't as much competition for homes as there would be if there were more renters living in this area.

Another factor that contributes to high home values in Santa Ana is the fact that it's an affluent area. Many people who live here earn a high income and can afford to buy or rent a house without having to worry about money problems. In addition, many homeowners have invested money into their homes over time by adding new features or remodeling them into nicer looking apartments. This has made these homes more valuable overall and has helped increase prices even further