92845, Garden Grove, CA

The Garden Grove zip code of 92845 has a population of over 210,000 and a median household income of over $86,000. The home equity in this zip code is at an all-time high with the average home value reaching $527,500. The reason for the high home equity is likely due to the strong economy and low interest rates. Additionally, there are many families who have taken advantage of refinancing their homes multiple times in order to get higher balances and lower interest rates.

Despite the high home equity in this zip code, there are still some areas that may be vulnerable to price fluctuations. For example, areas near the border with Orange County may experience more volatility as buyers and sellers compete for limited inventory. Additionally, areas near major highways or airports may experience more traffic and noise which could lead to higher prices for homes near these locations.