94010, Burlingame, CA

The 94010 zip code of Burlingame, CA has a median home value of $1,176,000. This is higher than the California median home value of $750,000. The 94010 zip code also has a median home equity value of $269,500 which is higher than the California median home equity value of $157,500. The 94010 zip code has a lower mortgage delinquency rate than the California average mortgage delinquency rate of 3.92%.

There are many factors that contribute to the high home values in the 94010 zip code of Burlingame, CA. These include strong job and wage growth in the area as well as low interest rates. Additionally, there is a high demand for housing in Burlingame due to its proximity to major Bay Area cities such as San Francisco and Oakland. Finally, Burlingame is an affluent area with a high percentage of households earning over $100,000 per year. These factors have led to an increased demand for housing in this area and have resulted in higher home values and home equity values compared to other areas in California.