94501, Alameda, CA

The 94501 zip code of Alameda, CA has a median home value of $814,000 and a median home equity value of $269,000. These values are significantly higher than the statewide median home value of $549,500 and statewide median home equity value of $192,200. The high home values in the 94501 zip code may be due to the presence of well-educated and affluent residents. Additionally, the area is located within close proximity to major metropolitan areas such as San Francisco and Oakland.

Despite the high home values in the 94501 zip code, there is evidence that prices are beginning to decline. Between January 2016 and January 2017, the average sale price decreased by 2%. Additionally, between December 2016 and December 2017, the average sale price decreased by 5%. This suggests that there may be potential for further price decreases in this area over time.