93624, Five Points, CA

The Five Points zip code in San Bernardino County, California has a population of just over 20,000 people. The median household income is just over $60,000 and the median home value is just under $500,000. This makes the Five Points zip code one of the more expensive areas in Southern California.

Home equity is important to many people because it represents their ability to borrow money against their home and use that money for other purposes. Home prices are also important because they reflect the amount of wealth that is available in an area. Over the past few years, home values have increased significantly in the Five Points zip code. As of September 2017, the median home value was $495,100 which was up from $435,700 as of September 2016. This increase indicates that there are a lot of people who are able to afford homes in this area and that there is a lot of demand for housing here.

One reason why home values have increased so much in the Five Points zip code is because there are a lot of new homes being built here. In fact, according to Zillow data from January 2018, there were 2 new homes being built per day in this area! This means that there is always going to be some demand for housing here even if prices go down slightly from time to time.

Another factor that has contributed to the increase in home values in the Five Points zip code is inflationary pressure. Over time, prices have gone up faster than wages which means that more and more people are able to buy homes even if they don’t have enough money saved up already. In addition, interest rates have been relatively low recently which has helped increase homeownership rates overall (although they still remain lower than they were before the recession).