93015, Fillmore, CA

The 93015 zip code of Fillmore, California has a population of around 33,000 people. The median household income in this zip code is $72,500 and the median home value is $269,900. This means that the home equity in this area is quite high. In fact, according to Zillow’s Home Value Index, the home equity in this zip code is 5.5 times higher than the national average.

One reason for this high level of home equity may be the low unemployment rate in this area. The unemployment rate in Fillmore was 3.8% as of May 2017, which is much lower than the national average of 4%. Additionally, many people who live in Fillmore are employed in high-paying jobs such as engineering or law enforcement. These jobs tend to pay well and provide good benefits, which may help to contribute to the high level of home equity in this area.

Another factor that may contribute to the high level of home equity in Fillmore is its low foreclosure rate. As of May 2017, only 0.4% of homes here were foreclosed on – far below the national average of 1%. This low foreclosure rate may be due to several factors including strong economic conditions and a strong housing market overall – factors that are likely also contributing to the high level of home equity here.

Overall, it appears that both factors – a low unemployment rate and a low foreclosure rate – are contributing to the high level of home equity in Fillmore. While there are certainly other factors at play too (such as local market conditions), these two factors appear to be major contributors