94066, San Bruno, CA

Home Equity and Home Prices in the 94066 Zip Code of San Bruno, CA

The home equity and home prices in the 94066 zip code of San Bruno, CA are very high. The median home value in this zip code is $1,527,000. This is a much higher value than the national median home value of $181,500. The average home value in this zip code is $1,853,000. This is also much higher than the national average home value of $1,163,500.

There are a number of reasons why the home equity and home prices in this zip code are so high. First, there is a large number of affluent residents living in this area. Second, there are a lot of luxury homes available for sale here. Third, the local economy has been doing well recently which has led to more people buying homes. Fourth, there is a low level of unemployment which means that people have more money to invest in homes. Fifth, San Bruno has been experiencing very low levels of inflation which means that house prices haven't increased as much as they would if inflation were higher. Sixth, interest rates are still relatively low which makes it easier for people to get mortgages for their homes. Seventh, San Bruno has a good school system which attracts families who want to live near good schools. Eighth, there are plenty of amenities available here such as shopping malls and restaurants. Ninth and finally, many people believe that housing values will continue to rise in this area because it's an attractive place to live with plenty of potential growth opportunities ahead ( San Bruno City Council).