93551, Palmdale, CA

The Palmdale zip code 93551 has a population of around 210,000 people and is located in the Inland Empire region of Southern California. The median home value in this zip code is $269,900 which is significantly higher than the statewide median home value of $217,500. This high home value can be attributed to several factors including the strong economy and low unemployment rates in the area. Additionally, many homes in this zip code are located in desirable neighborhoods which also contributes to their high values.

While there are some areas of the Palmdale zip code that have lower home values than others, overall it is one of the most expensive areas to live in California. This high home value also means that homeownership rates are high in this area – approximately 83% of households own their homes compared to the statewide average of 62%. Additionally, Palmdale has a low rate of foreclosure filings – only 0.5% of all properties in this zip code were filed for foreclosure during 2016 which is much lower than the statewide average rate of 2%.

Overall, homeownership rates and low rates of foreclosure make Palmdale an attractive place to live and invest money into property. While there may be some fluctuations in home values due to market conditions or other factors, over time they tend to trend upwards due to strong demand from buyers and limited supply from sellers.