92869, Orange, CA

The home equity and home prices in the 92869 zip code of Orange, CA are very high. The median home value in this zip code is $1,049,000, which is more than double the national median home value of $217,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is also very high at 27%. This indicates that there are a lot of wealthy people living in this area and they are able to buy expensive homes.

One reason why the home values in this zip code are so high is because there is a lot of demand for homes here. There are a lot of affluent people living in this area and they want to live near other affluent people. Additionally, there is a lot of development happening in this area which means that there will be more homes available in the future. Therefore, even if the current market conditions change (which they often do), homeownership rates will likely stay high because there will always be new housing developments coming online.

Another reason why the home values in this zip code are so high is because there is a lot of competition for homes here. There are a lot of wealthy people living in this area and they want to buy homes that they can afford. Therefore, many potential homeowners who could afford to buy a house have already done so or they have decided not to buy a house because it's too expensive right now. This means that there aren't as many houses available for sale as would be ideal if more people could afford to purchase them.