93306, Bakersfield, CA

In the 93306 zip code of Bakersfield, CA, home equity and home prices are both on the rise. According to Zillow, the median home value in this zip code is $217,000, which is up from $209,000 in 2016. Additionally, the percentage of homes that are worth more than their original purchase price has also increased from 63% to 67%. This indicates that there is a lot of demand for homes in this area and that people are willing to pay a higher price for a property that is in good condition.

One reason why home values have been increasing in this zip code is because there are a lot of new homes being built. According to Builder Magazine, Bakersfield has been one of the fastest-growing cities in America for years now and new housing developments are constantly being constructed. This means that there are plenty of new homes available for sale and people who want to buy one can do so easily.

Another reason why home values have been increasing in this area is because interest rates have remained low for a long time now. This has made it easier for people who want to buy a property to do so since they don’t need as much money down as they would if interest rates were higher. Additionally, low interest rates make it more affordable for people who want to borrow money to buy a property since they won’t need as much money down as they would if interest rates were higher.

Overall, it seems like there is strong demand for properties in the 93306 zip code of Bakersfield and prices have been going up accordingly. If you're looking to buy or sell a property in this area, be sure to contact an experienced real estate agent who can help you get the best deal possible