Zip Code:

94080, South San Francisco, CA

94080 is a California Zip code within the city of South San Francisco and the county of San Mateo County. Its population is roughly 67,600.

The Real Estate Market in the 94080 Zip Code of South San Francisco, CA

The South San Francisco zip code 94080 has a population of about 103,000 people and is located in the San Francisco Bay Area. The median home value in this zip code is $1,068,500 which is about 2.5 times the national median home value of $177,500. The percentage of homes in this zip code that are owner-occupied is about 68% while the percentage of homes that are rented is about 32%.

Home equity in South San Francisco has increased significantly over the past few years. In 2015, the median home value was $965,000 which was up from $848,000 in 2014 and $715,000 in 2013. This increase can likely be attributed to several factors including an increase in demand for housing due to an influx of new residents into the area and an increase in prices for properties throughout the Bay Area. In addition, many homeowners have been able to refinance their mortgages at lower interest rates which has helped to boost their home equity values.

While home equity values have increased significantly over the past few years, they are still relatively low when compared to other areas of the country. For example, the median home value in ZIP Code 94536 which is located just outside of downtown Los Angeles is $1 million while the median home value in ZIP Code 92801 which is located just outside of Seattle is $1.5 million. Therefore, it will likely take a long time for home equity values in South San Francisco to reach levels that are comparable to other areas of California or even other parts of America.

Price Index: San Francisco-San Mateo-Redwood City, CA (MSAD)

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