93035, Oxnard, CA

The Oxnard zip code 93035 has a population of over 210,000 people and is located in Ventura County. The median home value in the Oxnard zip code is $527,500 which is significantly higher than the California statewide median home value of $217,200. The percentage of homes in the Oxnard zip code that are owned by individuals is significantly higher than the statewide percentage of homes that are owned by individuals at 57%. The percentage of homes in the Oxnard zip code that are rented is also significantly higher than the statewide percentage of homes that are rented at 29%.

The average monthly mortgage payment for a home in the Oxnard zip code with a 30-year fixed-rate mortgage is $1,847 which is significantly lower than the statewide average monthly mortgage payment of $2,971. The average monthly rent for a home in the Oxnard zip code with a 30-year fixed-rate lease is also significantly lower than the statewide average monthly rent for a home at $2,749.

There are many factors that contribute to why homes in the Oxnard zip code are more expensive than homes across California. One significant factor contributing to this difference is likely housing prices relative to incomes. In general, housing prices tend to be higher in areas where wages are higher and there is greater demand for housing. Additionally, there may be more available land and fewer restrictions on development near desirable areas within oxnard due to its proximity to major metropolitan areas such as Los Angeles and Ventura County.