93611, Clovis, CA

The 93611 zip code of Clovis, CA has a median home value of $187,500 and a median home equity value of $141,000. The average home price in the 93611 zip code has increased by 10.5% over the past year and is currently at its highest point since 2007. This increase in home prices is likely due to an influx of new residents into the area as well as an increase in demand for housing stock.

While there are many factors that contribute to changes in home prices, one major factor is interest rates. When interest rates are low, it makes it more affordable for people to borrow money to buy a house, and this increases demand for homes. Conversely, when interest rates are high, it becomes more expensive for people to borrow money to buy a house, which decreases demand for homes.

Overall, the 93611 zip code of Clovis continues to experience strong growth in both home values and home equity values. This trend is likely to continue as long as there is continued demand for housing stock and low interest rates.