93643, North Fork, CA

The 93643 zip code of North Fork, CA has a median home value of $292,500. This is higher than the statewide median home value of $217,500 and the national median home value of $177,000. The 93643 zip code also has a higher than average percentage of homes with a mortgage at 87%. This is higher than the statewide mortgage rate of 66% and the national mortgage rate of 63%.

The 93643 zip code has a lower than average percentage of homes that are owner-occupied at 66%. This is lower than the statewide owner-occupancy rate of 71% and the national owner-occupancy rate of 68%. The 93643 zip code has a higher than average percentage of homes that are rented at 24%. This is higher than the statewide rental rate of 21% and the national rental rate of 22%.

There are many factors that contribute to home values in any given area. Some important factors in this case include population density, school district ratings, and proximity to major transportation hubs. The population density in North Fork is low at only 2 people per square mile. This low population density may be contributing to the high home values in this area. The school district ratings for North Fork are excellent with 4 out 5 stars rating. This may be contributing to high home values as families may want to live close to good schools. Proximity to major transportation hubs such as highways and airports may also play a role in influencing home values. In this case, North Fork is located close to both Highway 101 and Interstate 5 which could be contributing to its high home values.