92868, Orange, CA

The home equity and home prices in the 92868 zip code of Orange, CA are very high. This is likely due to the many affluent and well-educated residents in this area. The median home value in this zip code is $1,527,000, which is more than triple the national median home value of $217,500. Additionally, the percentage of homes that are owner-occupied in this zip code is significantly higher than the national average of 63%. This indicates that many people in this area are able to afford to buy a home outright or have significant equity in their homes.

Despite these high values, there has been some recent concern about the stability of the housing market in Orange County. In March 2018, CoreLogic reported that house prices had decreased by 6% from a year earlier. This decrease was largely due to decreases in both single-family and multi-family property values. While it is still too early to tell if this trend will continue or if prices will rebound later on, it is worth keeping an eye on for potential investors or homeowners looking to purchase a property in this area.