94505, Discovery Bay, CA

The 94505 zip code of Discovery Bay, CA has a median home value of $1,851,000 and a median home equity value of $527,500. This is higher than the California statewide median home value of $748,500 and the national median home equity value of $205,200. The 94505 zip code also has a high rate of homeownership at 87.4%, which is above the statewide homeownership rate of 63.9% and the national homeownership rate of 68.2%.

The 94505 zip code has a high rate of home values because it is located in an affluent area with many luxury homes and apartments available for sale. The majority (60%)of homes in the 94505 zip code are single-family homes while 36% are apartments. There are also a few condominiums available in this area. The average size of a single-family home in this zip code is 2,717 square feet while the average size for an apartment is 1,711 square feet.

Home values have increased significantly over the past few years due to strong demand from buyers and limited supply on the market. In January 2017, there were 1,848 active listings in the 94505 zip code compared to 1,198 active listings in January 2016 and 902 active listings in January 2015. Over the past three years (2015-2017), there was an average increase of 7% per year for homes listed in this zip code while there was an average decrease of 0% per year for condos listed during that time period.