93901, Salinas, CA

The 93901 zip code of Salinas, CA has a median home value of $269,000 and a median home equity value of $146,000. The average home price in the 93901 zip code has increased by 5.5% over the past year and has increased by 10.4% over the past five years. Over the past year, there have been an estimated 1,812 homes sold in the 93901 zip code. The average sale price for homes in this zip code is $273,500.

There are many factors that contribute to home prices in a particular area including population growth, job opportunities, interest rates and market conditions. In general, areas with high population growth and strong job prospects tend to have higher home values than areas with lower population growth or less stable job prospects. Similarly, areas with low interest rates or where market conditions are unstable tend to have lower home values than areas with higher interest rates or more stable markets.

Over the past year, there has been significant growth in both the number of homes sold and the average sale price in the 93901 zip code. This indicates that there is strong demand for housing stock in this area and that buyers are willing to pay a premium for properties located here. It is also likely that market conditions are relatively stable at this point which is supporting prices overall.