93907, Salinas, CA

The 93907 zip code of Salinas, CA has a median home value of $269,000 and a median home equity value of $141,000. These values are significantly higher than the statewide median home value of $177,500 and statewide median home equity value of $122,200. The reasons for this high level of home equity in the 93907 zip code may be due to its relatively low population density (only 2,811 people per square mile), its strong economy (the unemployment rate is only 4.5%), or its high levels of education and income.

Despite these factors, there are still some homeowners in the 93907 zip code who are struggling to maintain their homes' values. For example, there were 5 homeowners in the 93907 zip code who lost more than 50% of their homes' value between 2016 and 2018. This indicates that even though many homeowners in the 93907 zip code have high levels of home equity, there is still potential for significant losses if the market conditions change negatively.