94037, Montara, CA

The 94037 zip code of Montara, CA has a median home value of $1,000,000. This is higher than the California median home value of $750,000. The 94037 zip code also has a high home equity rate of 87%. This means that homes in this zip code are worth an average of $187,500 more than what is owed on them.

There are many factors that contribute to the high home equity rate in the 94037 zip code. One reason is that there are a lot of expensive homes in this area. Another reason is that many people in this area have been able to use their homes as collateral for loans. Finally, many people in this area have taken out mortgages with low interest rates which has helped to increase the value of their homes.