93307, Bakersfield, CA

The 93307 zip code of Bakersfield, CA has a population of around 210,000 people and a median household income of $50,000. The home equity in this zip code is around $236 million, which is significantly higher than the national median home equity of $142,000. The main reasons for this high home equity are likely the low unemployment rate and strong economy in Bakersfield.

Another factor that may contribute to the high home equity in this zip code is the fact that many homes here are owned outright by their occupants rather than being in foreclosure or repossessed. This means that homeowners have more stability and security when it comes to their homes, which may lead to them investing more money into them over time.

Overall, it appears that homeownership and home equity are very strong in the 93307 zip code of Bakersfield. This may be due to a number of factors including the low unemployment rate and strong economy, as well as the fact that many homes here are owned outright by their occupants rather than being in foreclosure or repossessed.