94038, Moss Beach, CA

The 94038 zip code of Moss Beach, CA has a median home value of $1,039,000 and a median home equity value of $269,000. This is significantly higher than the statewide median home value of $476,500 and the national median home equity value of $181,200. The reason for this discrepancy may be due to the high concentration of expensive homes in this zip code or the fact that Moss Beach is a coastal community which may lead to increased demand for property.

Despite the high values in this zip code, there are still many homeowners who are able to use their home equity to supplement their income. In fact, 36% of households in this zip code have at least one person who works from home. Additionally, 28% of households here have two or more people who work from home. This indicates that there is plenty of opportunity for people in this area to make money through their homes.

While it is important to note that homeownership rates in Moss Beach are high compared to other areas of California and nationwide, it is also important to consider how accessible these homes are for buyers who do not meet traditional criteria such as having a large down payment or being able to afford monthly payments on a mortgage. In fact, 39% of all housing units in this zip code were purchased by someone who did not meet traditional criteria for buying a house. This indicates that there is an ample supply of properties available for those looking to purchase a house without having to go through the hassle and expense associated with traditional buying processes.