93313, Bakersfield, CA

The 93313 zip code of Bakersfield, CA has a population of over 240,000 people and a median household income of over $60,000. The home equity and home prices in this zip code are both very high. In fact, the median home value in this zip code is $269,500 which is more than double the national median home value of $151,600.

One reason that the home equity and home prices in this zip code are so high is because there are a lot of affluent residents living in this area. The percentage of households earning over $200,000 is above the national average and the percentage of households earning over $300,000 is also above the national average. Additionally, there are a lot of wealthy investors who live in this area which also contributes to the high home values.

Another reason that the home equity and home prices in this zip code are so high is because there is a lot of demand for homes here. The population growth rate in this area is above average which means that there are more new homes being built than usual which drives up the demand for homes. Additionally, many people who live in this area own their homes outright which makes it difficult for them to sell their homes if they want to move or if they need to downsize. As a result, many homeowners have been able to keep their homes for a long time even though they may not be able to afford to pay off their mortgages completely.