93703, Fresno, CA

The 93703 zip code of Fresno, CA has a population of over 209,000 people and a median household income of $53,000. Home prices in the 93703 zip code have increased by an average of 11.5% over the past year, which is significantly higher than the statewide average increase of 5.8%. The 93703 zip code has seen a significant increase in home equity values since 2007, when the median home equity value was $109,000. In 2016, the median home equity value in the 93703 zip code was $236,500.

There are several factors that may be contributing to the high home prices in the 93703 zip code of Fresno. First and foremost is that Fresno is one of California's most populous cities and has been experiencing strong economic growth over recent years. Additionally, there is a large pool of potential buyers who are interested in purchasing homes in this area due to its high quality schools and low crime rates. Finally, there is ample supply of homes for sale compared to demand which may be contributing to slower-than-average sales activity in this area.