93531, Keene, CA

Keene, California is located in the Sacramento metropolitan area. The population of Keene was 25,872 as of the 2010 census. The median home value in Keene was $269,900 as of the third quarter of 2012. Home equity is a valuable asset for many people and can provide a significant source of financial security.

Home equity can be used to pay off debt, purchase additional assets such as real estate or stocks, or use it to fund retirement savings. Home prices have been increasing steadily over the past few years in Keene and throughout much of California. This has led to an increase in home equity values for residents in Keene and other parts of California.

The following are some factors that may have contributed to the increase in home values:

-A strong economy with low unemployment rates - Low interest rates - Increased demand from buyers due to low interest rates and increased affordability - Strong housing market fundamentals - Low inventory levels

Despite these positive factors, there are also some risks associated with home equity that could impact future value growth:

-A decline in the overall economy could lead to a decrease in demand for homes and an increase in mortgage defaults which would reduce home values

-An unexpected event such as a natural disaster could cause damage to property which would also reduce its value

-Undeveloped land within close proximity to homes could become available which would lead to an increase in prices