93626, Friant, CA

The 93626 zip code of Friant, California is located in the Central Valley and has a population of approximately 10,000. The median household income in this zip code is $62,500 and the median home value is $183,000. Home equity in this zip code has increased by over 50% since 2007 and is now worth over $200,000.

There are several factors that have contributed to the increase in home equity values in the 93626 zip code. First, there has been an increase in home prices throughout the Central Valley due to an influx of new residents and an increase in demand for housing. Second, interest rates have remained low which has helped to stimulate the market for homes. Third, homeowners have taken advantage of low interest rates by refinancing their homes multiple times which has increased their home equity value. Finally, many homeowners have taken out HELOCs (home equity lines of credit) which allow them to borrow against their home equity without having to pay interest on the loan.

Despite these positive trends, there are some risks associated with high home equity values that could lead to a decrease in values down the road. For example, if interest rates rise or if there is a recessionary period where people are less likely to want to buy or rent homes, then home equity values could decline significantly. Additionally, if a homeowner decides to sell their home soon after it has increased in value significantly (due to refinancing or taking out HELOCs), they may not be able to recoup all of their investment unless they receive a high price for their house.