93453, Santa Margarita, CA

The 93453 zip code of Santa Margarita, CA has a median home value of $1,000,000. The home equity in this zip code is $811,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 10% over the past year.

There are a number of factors that may contribute to the increase in home prices in this zip code. One reason may be that there is a high demand for housing in Santa Margarita due to its proximity to both Los Angeles and San Diego. Additionally, many people who live in this area own their homes outright which may make them more willing to spend on renovations or upgrades. Finally, there is a limited supply of homes available for sale which may lead to higher prices overall.