92860, Norco, CA

The Norco zip code of 92860 has a population of around 30,000 people and a median household income of $92,000. The home equity in this zip code is around $265,000. This means that the typical home in this zip code is worth around three times as much as the median household income.

This high level of home equity is likely due to the fact that Norco is a relatively affluent area. It has a high level of education and employment opportunities, as well as low levels of crime and poverty. Additionally, Norco is located in an area with strong economic growth prospects. This means that there are plenty of potential buyers who are looking to purchase homes in this area.

Despite these positive factors, there are some risks associated with having high levels of home equity. If the market for homes in Norco dries up or if interest rates rise significantly, then homeowners could find themselves struggling to sell their homes at fair prices. Additionally, if someone were to lose their job or experience financial difficulties, they might be unable to repay their mortgage or other loans related to their home equity investment.