93636, Madera, CA

The Madera zip code 93636 has a population of around 104,000 people and is located in the Central Valley region of California. Home prices in this zip code have been increasing steadily over the past few years, reaching a peak of $465,000 in 2016. However, since then they have slowly declined and are currently hovering around $430,000. This suggests that there is still potential for home prices to increase further in this area.

One reason why home prices have been increasing steadily in the Madera zip code is because there is a large number of available homes for sale. In fact, there are currently 97 homes for sale compared to just 49 two years ago. This indicates that there is strong demand for housing in this area and that potential buyers are willing to pay higher prices for properties.

Another factor contributing to the increase in home prices in the Madera zip code is the low unemployment rate. Currently, unemployment stands at just 3% which is much lower than the national average of 5%. This means that there are plenty of people who are able to afford to buy a property and invest in it, which drives up demand for housing.

However, despite these positive factors, it’s important not to get too carried away with predictions about future home price trends as they can be very unpredictable. So while it’s definitely possible that home prices will continue to rise in the Madera zip code over time, it’s also possible that they could decline again if conditions change negatively elsewhere in the economy.