93928, Jolon, CA

The 93928 zip code of Jolon, CA has a median home value of $269,000 and a median home equity value of $146,000. This means that the majority of homes in this zip code are worth more than their mortgage. Additionally, the average home price in this zip code has increased by 10% over the past year.

This increase in home prices is likely due to several factors. First, Jolon is located in a desirable area with plenty of job opportunities. Second, Jolon's housing market has remained relatively stable compared to other areas across the country. Finally, Jolon's homeowners have been able to keep up with rising prices by refinancing their homes or using cash-out refinances.

Despite these positive trends, there are still some risks associated with buying a home in the 93928 zip code. For example, if interest rates rise or the economy takes a downturn, then homeowners could find themselves struggling to pay their mortgages. Additionally, if there is an outbreak of fire or flood damage in this area, then many homeowners may be unable to sell their homes at market value due to structural damage.