94060, Pescadero, CA

The home equity and home prices in the 94060 zip code of Pescadero, CA are very high. The median home value in this zip code is $1,527,000, which is more than double the statewide median home value of $625,000. Additionally, the percentage of homes in this zip code that are worth more than $1 million is also very high at 27%. This indicates that there are a lot of wealthy residents in this area.

One reason for the high home values in this zip code is likely the strong economy. The unemployment rate in Pescadero is only 3%, which is much lower than the statewide unemployment rate of 6.5%. This low unemployment rate may be attracting a lot of affluent people to this area who want to buy a house. Additionally, Pescadero has been growing rapidly over the past few years and it may be becoming more popular among affluent people.

Another factor that may contribute to the high home values in this zip code are the low interest rates. Right now, interest rates are very low and they have been for quite some time. This means that homeownership opportunities are especially attractive right now because you can get a good return on your investment by buying a house here.

Overall, it seems clear that there are a lot of reasons why the home values in this zip code are so high. It's likely that both affluent people and those who want to buy a house can find what they're looking for here.