93003, Ventura, CA

The Ventura, CA 93003 zip code has a population of around 158,000 people and is located in the Central Valley region of California. The median home value in this zip code is $247,500 which is higher than the statewide median home value of $217,500. The percentage of homes in this zip code that are owner-occupied is around 68% while the percentage of homes that are rented is around 32%.

There has been a steady increase in home values over the past few years in Ventura, CA 93003. In fact, according to Zillow’s Home Value Index data from January 2018, the median home value has increased by 5.5% since January 2017. This trend seems to be continuing as Zillow’s latest data shows that the median home value increased by 2.9% from July 2018 to August 2018 alone!

One reason for this sustained increase in home values may be due to strong demand from buyers and limited supply of properties available for sale. Additionally, Ventura has seen an influx of new residents and businesses over the past few years which may also contribute to higher prices.

Despite these positive trends, there are still some areas where prices may be vulnerable to fluctuations depending on market conditions. For example, if interest rates rise or if there are any major changes in economic conditions (e.g., a recession), then prices could potentially decline relatively quickly in Ventura 93003.