93920, Big Sur, CA

The 93920 zip code of Big Sur, CA is located in the Central Coast region of California. The area has a population of approximately 10,000 people and is known for its natural beauty and rugged terrain. Home prices in the 93920 zip code have increased significantly over the past few years, reaching an average price of $1 million in 2017. This increase in home prices has led to a rise in home equity values in the area. As of September 2018, the median home equity value in the 93920 zip code was $527,000.

One reason for this increase in home values is that Big Sur is a popular tourist destination. Many people are attracted to the area because of its natural beauty and unique culture. Additionally, many people are buying homes in Big Sur as an investment vehicle, believing that prices will continue to rise over time. There are also a number of luxury homes available for sale in the 93920 zip code, which may contribute to higher home values overall.

Despite these positive factors, there are some risks associated with buying a home in Big Sur. For example, there is a high rate of property crime activity in the area (including burglary and theft). Additionally, there is often significant weather variability (including severe storms and wildfires) throughout the year, which can impact property values significantly.