92844, Garden Grove, CA

The Garden Grove zip code 92844 has a population of over 213,000 people and a median household income of over $75,000. The home equity in this zip code is high, with the median home value being over $500,000. This high home equity is likely due to the strong economy and low interest rates.

The average home price in the Garden Grove zip code has increased by almost 20% since 2013. In addition, the number of homes sold in this zip code has also increased by almost 20%. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a higher price for a home than they were just a few years ago.

One reason why the home equity in the Garden Grove zip code is so high is because of the low interest rates. Currently, interest rates are very low and this allows homeowners to borrow money against their homes to purchase additional property or to finance other expenses. Low interest rates also make it more affordable for buyers to purchase a home than it was just a few years ago.