93651, Prather, CA

Prather, CA is located in the Central Valley of California and has a population of just over 10,000 people. The median household income is just over $50,000 and the median home value is just under $200,000. There are a total of 1,827 homes in the zip code and according to Zillow, the average home value in this zip code has increased by 8.5% since 2016.

One reason that home values have increased so much in Prather is that there are a lot of new homes being built in this area. According to Builder Magazine, there were 1,827 new homes built in Prather between 2016 and 2017 which accounted for almost half of all housing units constructed during that time period. This influx of new homes has helped to drive up prices across the entire Central Valley which is why Prather's home values have gone up so much compared to other areas in California.

Another factor that has contributed to Prather's high home values are the low interest rates currently available on mortgages. According to Zillow, the average interest rate on a mortgage in Prather is just 3%. This means that homeowners can get a good deal on their mortgage if they are able to get approved for one. In addition, there are not many foreclosures or short sales happening in Prather which also helps keep prices high.

Despite these factors, there may be some risk involved with buying a home in Prather right now because prices could go down if interest rates rise or if more people decide to sell their homes because they can't afford them anymore. However, overall it seems like Prather'shome equityandhome pricesare doing welland will likely continue increasing over time