93960, Soledad, CA

The Soledad zip code 93960 has a population of approximately 36,000 people and a median household income of $64,000. The home equity in this zip code is $219,000, which is significantly higher than the California median home equity of $140,000. The home prices in this zip code are also significantly higher than the California median home price of $245,000.

One reason for the high home equity and home prices in the Soledad zip code 93960 is that there are a large number of affluent residents living in this area. The percentage of households earning over $200,000 is above the statewide average and there are also a large number of college-educated residents living in this area. Additionally, many homeowners have taken advantage of low interest rates to borrow money against their homes to finance major renovations or purchases.

Despite these factors, there may be some risk associated with investing in homes in the Soledad zip code 93960. While it is likely that prices will continue to rise in this area over time, there is also a risk that values could decline if interest rates increase or if there are any other economic setbacks affecting the local economy.