93638, Madera, CA

Home Equity and Home Prices in the 93638 Zip Code of Madera, CA

There is no doubt that home equity is one of the most important assets a person can have. It gives people the ability to borrow money against their homes, pay off debt, and invest for the future. In addition, home prices are an important factor in a person's ability to buy a home. The higher the home price, the more money a person can afford to put down on a mortgage and still be able to purchase a home.

According to Zillow®, as of September 2017, the median sale price for homes in zip code 93638 was $269,000. This is significantly higher than the statewide median sale price of $222,500. This indicates that there are plenty of buyers in this area who are willing to pay more for a home than what is currently being offered on the market.

One reason why there has been such strong demand for homes in this zip code is because of all of the new development that has been happening here over recent years. There are now several new neighborhoods being developed near downtown Madera which are expected to increase demand for housing even further in coming years.

While it is definitely advantageous to have high home values when buying or selling a home, it's also important to keep in mind that not everyone benefits from high prices. In fact, some people may find themselves struggling financially if their home values decline significantly below what they paid for it or if they need to sell quickly due to an unexpected financial crisis.

Overall, it appears that there is strong demand for homes in zip code 93638 and sellers appear willing and able to offer buyers above-average prices for properties located here. If you're interested in buying or selling property within this area, be sure to consult with an experienced real estate agent who can help you determine your chances of success based on current market conditions