93446, Paso Robles, CA

The 93446 zip code of Paso Robles, CA has a median home value of $1,895,000. This is a decrease from the previous year when the median home value was $2,095,000. The decrease in home values can be attributed to a number of factors including lower demand for homes in this area and an increase in inventory.

Despite the decrease in home values, homeownership rates are still high in this zip code with over 80% of households owning their homes. This high homeownership rate is likely due to the low cost of living and excellent schools in this area. Additionally, many people are attracted to Paso Robles because it is a wine-producing region and has a temperate climate.

Home equity is important for many people because it provides them with financial stability and allows them to invest money or use it for other purposes. Home equity can also be used as collateral for loans which can help people purchase a new home or improve their current one. In general, homeowners who have more equity in their homes are less likely to experience foreclosure proceedings than those who have less equity.