94002, Belmont, CA

The 94002 zip code of Belmont, CA has a median home value of $481,000 and a median home equity value of $247,000. These values are significantly higher than the California statewide median home value of $217,500 and the national median home equity value of $181,200.

The high home values in the 94002 zip code may be due to several factors. First, the area is located in one of the most affluent neighborhoods in Los Angeles County. Second, Belmont is a popular location for families who want to live close to both downtown Los Angeles and Santa Monica. Third, there is a strong demand for homes in this zip code because it has excellent schools and plenty of amenities.

Despite the high values in this zip code, there are still many opportunities for homeowners to find affordable homes. For example, many homes in Belmont are smaller than average which means that they may not require as much space or money to maintain as larger homes would. Additionally, many homeowners have taken advantage of low interest rates over the past few years which has helped them save money on their mortgage payments.