93230, Hanford, CA

Hanford, CA is located in the Central Valley of California and has a population of just over 100,000 people. The median household income in Hanford is just over $50,000 and the median home value is just under $200,000. Hanford has seen a significant increase in home equity values over the past few years as the local economy continues to improve. In fact, according to Zillow’s recent report on home equity values in America’s 100 largest cities, Hanford ranks as the 9th most valuable city in America with a home equity value of $269,200.

One reason for this increase in home equity values is that Hanford has seen strong job growth over the past few years. According to Indeed.com, there are currently more than 200 jobs available in Hanford and the unemployment rate is currently below 5%. Additionally, Hanford has been experiencing an influx of new residents due to its proximity to major metropolitan areas such as Sacramento and Los Angeles. This influx of new residents has led to an increased demand for housing which has helped drive up home values in Hanford.

Despite these positive trends, there are still some risks associated with buying or owning a home in Hanford. For example, although the local economy is improving overall, there may be periods of volatility or recession that could lead to decreased demand for homes or reduced prices overall. Additionally, although job growth is strong overall right now, it may not continue at this pace indefinitely and if that were to happen then homeowners could find themselves struggling to keep up with their mortgage payments or facing foreclosure proceedings. However despite these risks, homeownership remains one of the best ways for individuals to build wealth over time and provide them with stability during times of economic uncertainty