92831, Fullerton, CA

In the 92831 zip code of Fullerton, CA, home equity and home prices are both on the rise. According to Zillow, the median home value in this zip code is $247,000. This is a 2% increase from last year and a 5% increase from five years ago. The average home value in this zip code is $269,000.

The reason for the uptick in home values in this area may be due to several factors. First, there is an increasing demand for housing in Fullerton due to its growing population and economy. Second, there has been an increase in investment opportunities within the city limits due to its strong economy. Finally, there has been an increase in interest rates over the past few years which has made buying a house more affordable for potential buyers.

Despite these positive trends, not everyone is benefiting from them equally. While homeowners have seen their homes appreciate in value over time, renters have not fared as well. In fact, according to Zillow’s Rent Index data , rents have increased by 3% nationwide since last year while home values have increased by 2%. This disparity may be partially due to the fact that many people who are looking to buy a house are already homeowners or investors who can afford higher prices than those who are renting . Additionally, it may also be because rental properties tend to be newer and therefore less expensive than homes that have been around for longer periods of time .