94122, San Francisco, CA

The 94122 zip code of San Francisco, CA has a median home value of $1,085,000. This is significantly higher than the statewide median home value of $478,500. The 94122 zip code also has a high concentration of homes with a value over $2 million. In fact, almost one third (31%) of all homes in the 94122 zip code have a value over $2 million.

One reason for this high concentration of homes with a high home equity is that the San Francisco Bay Area is one of the most expensive places to live in the United States. The cost of living in San Francisco and other Bay Area cities is driven largely by wages and housing prices. As a result, people who can afford to live in these cities can also afford to put more money down on their homes and increase their home equity holdings.

Another factor that contributes to the high home equity values in the 94122 zip code are the low interest rates currently available on mortgages. This makes it easier for people to borrow money to buy homes and increase their home equity holdings. Low interest rates are likely to continue into 2018 as well since there is little evidence that inflation is accelerating and interest rates are unlikely to rise very much from where they are currently at 0%.