93927, Greenfield, CA

The 93927 zip code of Greenfield, California has a population of around 10,000 people. The median household income in this zip code is $86,000 and the median home value is $305,000. Home equity in this zip code is high compared to other areas of the country. In fact, according to Zillow, the average home equity in the United States is only $141,200.

One reason for this high level of home equity in the 93927 zip code is that Greenfield has a low rate of unemployment. The unemployment rate in this area is only 3%. This low rate of unemployment means that there are many people who are able to afford to buy homes and invest in their home equity.

Another reason for the high level of home equity in the 93927 zip code is that Greenfield has a low rate of foreclosure activity. According to RealtyTrac, only 0.5% of homes in this zip code were foreclosed on between January 1st and September 30th 2016. This low foreclosure activity means that homeownership rates are high and there is plenty of demand for housing stock here.

Overall, it seems that the combination of a low rate of unemployment and a low rate of foreclosure activity has led to a high level of home equity in the 93927 zip code. This high level of home equity makes it possible for many people to buy homes and invest their money into their homes' value over time.