93591, Palmdale, CA

The Palmdale zip code, 93591, has a population of over 150,000 people and a median household income of over $60,000. The home equity and home prices in this zip code are both very high. As of March 2017, the median home value in this zip code was $269,500 and the median home equity was $282,500. This is a significant increase from 2016 when the median home value was $251,100 and the median home equity was $248,600.

One reason for the high home values in this zip code is that there are a lot of affluent residents living here. The percentage of households earning over $200,000 is above average for California and the percentage of households earning over $300,000 is also above average. Additionally, there are a lot of new homes being built in Palmdale which contributes to the high home values.

Another factor contributing to the high home values in Palmdale is that there is not much available land for development. This means that there are not many homes available for sale which drives up prices. Additionally, since most homes here are single-family dwellings rather than apartments or condos, buyers have more control over their property rights which also contributes to higher prices.