94015, Daly City, CA

The 94015 zip code of Daly City, CA has a population of about 120,000 people and a median household income of about $92,000. The home equity in this zip code is around $1.2 trillion, which is more than the GDP of all but 22 countries in the world. In fact, the home equity in this zip code is more than three times the GDP of China!

One reason for this high level of home equity is that the median house value in this zip code is almost $1 million. This high level of home equity has led to a very high level of homeownership in this zip code: almost 95% of households own their homes. This high level of homeownership has led to strong demand for housing and strong prices for homes in this zip code. The average sale price for homes in this zip code was over $1 million last year, which was significantly higher than the average sale price for homes in all but two other ZIP codes in California.

Despite these strong prices and high levels of homeownership, there are some risks associated with owning a home in Daly City, CA. One risk is that interest rates could rise over time and make it harder for people to afford their mortgages. Another risk is that house prices could decline – although it’s unlikely that they would decline by as much as they have recently (over 30% since 2007), there’s always a chance that they could decline by more if market conditions change unfavorablely.