94114, San Francisco, CA

Home Equity and Home Prices in the 94114 Zip Code of San Francisco, CA

The 94114 zip code of San Francisco, CA has a median home value of $1,078,000. This is higher than the California median home value of $650,000. The 94114 zip code also has a median home equity value of $269,000 which is higher than the California median home equity value of $146,500. The 94114 zip code has a lower than average homeownership rate at just 54%. This is lower than the California homeownership rate of 58%. There are more homes for sale in the 94114 zip code than there are homes for sale in the California state as a whole. This indicates that there may be some opportunity for buyers to purchase homes in this area at an affordable price.

Despite having a high median home value and high home equity values, there are still many homeowners who are struggling to afford their mortgages in this area. According to Zillow’s 2018 Home Value Index report, the mortgage delinquency rate for properties located within this zip code is 2%. This is much higher than the national mortgage delinquency rate which is 1%. It seems that even though many people can afford to purchase homes in this area, they may be struggling to keep up with their monthly payments.

Overall it seems that although there may be some opportunity for buyers to purchase homes in this area at an affordable price, there may also be some challenges associated with doing so.