93710, Fresno, CA

The Fresno, CA 93710 zip code has a population of over 209,000 people and a median home value of $193,500. Home equity in this zip code is high relative to the rest of the country. In fact, according to Zillow’s Home Value Index, the home equity in this zip code is more than double the national average.

There are several reasons why home equity in Fresno is so high. First, there is a large number of affluent residents in this zip code. Second, homes here are generally well-maintained and have low foreclosure rates. Finally, prices here have been relatively stable over the past few years despite strong economic growth nationwide.

Despite these positive factors, there are some risks associated with having high home equity in Fresno. For example, if interest rates rise significantly from their current levels or if the local economy experiences a downturn, homeowners could find themselves struggling to pay off their mortgages. Additionally, if the market for homes in Fresno becomes saturated or prices decline significantly from their current levels, many homeowners could find themselves losing significant amounts of money on their investments.