92802, Anaheim, CA

The 92802 zip code of Anaheim, California has a population of over 1.5 million people and a median home value of $470,000. Home equity is an important part of the American Dream, and homeownership is one of the key factors that contributes to that dream. In recent years, however, home equity has become increasingly important for many Americans as housing prices have increased significantly nationwide.

According to Zillow’s 2018 Home Value Index report, the median home value in Anaheim increased by 6% from 2017 to 2018. This increase was slightly lower than the national average of 7%. However, when adjusted for inflation (using the Consumer Price Index), Anaheim’s home values grew by 9% from 2017 to 2018 – which was much higher than the national average of 2%.

One reason for this discrepancy may be that housing prices in some areas are growing more quickly than others. The San Francisco Bay Area continues to be one of the most expensive places to live in America, and many other areas across the country are also experiencing high rates of growth. Meanwhile, some parts of California are seeing slower rates of growth or even decreases in home values due to stricter lending standards and rising interest rates.

Despite these regional differences, homeownership remains an important part of American culture and economy. In fact, according to Zillow’s 2018 Home Value Index report: “In every state except South Dakota … more homeowners (72%) say owning a home is essential or very important to their overall sense of well-being than say renting (68%).” This sentiment is likely why there has been such strong demand for homes throughout Anaheim – even during periods when prices have been increasing at a slower rate than other parts of the country.

Anaheim residents also benefit from significant savings on property taxes due to Proposition 13 – which limits annual property tax increases in California cities and counties to 2% unless approved by a majority vote by city councilors or county supervisors. As a result, homeowners who live in Anaheim typically pay less in property taxes each year than those who live elsewhere in California or nationally.

Overall then, despite regional differences and occasional volatility within certain markets – including Orange County – homeownerhip remains an extremely popular option throughout much of America today thanks largely to Prop 13 and other similar measures passed down through local governments over time