93270, Terra Bella, CA

The Terra Bella zip code of 93270 has a median home value of $527,000 and a median home equity value of $269,000. The Terra Bella zip code is located in the San Francisco Bay Area and has a population of about 2,500. The Terra Bella zip code has a high percentage of homeownership (80%) and a low percentage of renters (10%).

There are many factors that affect home prices in any given area. In the Terra Bella zip code, the most significant factors are:

1) The availability of homes for sale – There are more homes for sale in the Terra Bella zip code than there are buyers interested in purchasing them. This is due to recent market trends (e.g., increasing interest rates, decreasing inventory), as well as local economic conditions (e.g., job growth, low unemployment rates). As a result, prices for homes in the Terra Bella zip code have decreased over the past year.

2) Home size – Homes that are larger tend to sell faster than smaller homes. This is because larger homes typically have more square footage and feature more amenities (e.g., bedrooms and bathrooms). Additionally, larger homes typically cost more to purchase than smaller ones do. Therefore, if you're looking to buy a home in the Terra Bella zip code, it's important to consider both its size and price tag.

3) Location – Homes that are located closer to major transportation hubs (e.g., highways or train stations) tend to sell faster than those that aren't located near such hubs. This is because people who want to live close to major transportation hubs usually have higher incomes than people who don't want such proximity (due to traffic congestion). Furthermore, people who live close to major transportation hubs often have easier access to jobs and other amenities that they may need (e.g., grocery stores or shopping centers).