93704, Fresno, CA

The 93704 zip code of Fresno, CA has a median home value of $133,000 and a median home equity value of $111,000. These values are above the national median home value of $117,500 and the statewide median home equity value of $106,800. The 93704 zip code is also above the Fresno average home value of $123,600.

The 93704 zip code has a high percentage of homeowners with a mortgage (77%) and a low percentage of homeowners without a mortgage (23%). This indicates that most residents in this zip code are able to borrow money to purchase their homes. Additionally, the percentage of residents who own their homes outright is low (10%). This may be because many residents are able to use their home equity to pay off other debts or invest in other assets.

Despite these positive trends, there are some indications that the housing market in the 93704 zip code is vulnerable to potential risks. For example, the percentage of households earning over $100K is high (27%), which may indicate that there is an abundance of wealthy buyers in this area. Additionally, while prices have increased significantly over the past few years, wages have not kept pace with inflation rates. If wages continue to grow more slowly than prices then it may become more difficult for people to afford homes in this area.