93238, Kernville, CA

Home Equity and Home Prices in the 93238 Zip Code of Kernville, CA

The Kernville zip code has a median home value of $183,000. This is higher than the California median home value of $177,500. The Kernville zip code also has a median home equity of $118,000. This is higher than the California median home equity of $100,000.

There are a number of factors that could contribute to these high home values and high home equity in the 93238 zip code of Kernville, CA. Some possible reasons include:

-The presence of several prestigious universities in the area (such as UC Davis and UC Santa Barbara) which could lead to an influx of affluent residents who are looking for stable housing options close to their jobs;

-The low unemployment rate in Kernville (3.5%) which could lead more people to want to buy homes as an investment rather than rent them;

-The availability of affordable housing options in Kernville (compared to other areas in California), which could make it more attractive for people looking to buy a house rather than rent one;

-The low cost of living in Kernville compared to other areas in California;

-The strong economy overall – even though there was some volatility during the recent recession, the economy has since started recovering and is now growing at a healthy rate.