94510, Benicia, CA

Home Equity and Home Prices in the 94510 Zip Code of Benicia, CA

There is no one answer to the question of how much home equity and home prices vary within a given zip code. However, there are some general trends that can be observed. For example, it is generally true that home equity and home prices tend to be higher in wealthier zip codes. Additionally, it is also generally true that home values tend to increase more rapidly in areas that are closer to major metropolitan areas.

In the 94510 zip code of Benicia, CA, the median home value was $269,000 as of September 2017. This represents a 5% increase from $257,000 at the same time last year. Over the past five years (2013-2017), the median home value has increased by 28%. In comparison, over the same period of time (2013-2017), the median home value in ZIP code 94512 has increased by only 10%.

It should be noted that while Benicia's median home value is relatively high compared to other ZIP codes within California, it is not particularly high when compared to other cities throughout America. For example, as of September 2017, the median home value in ZIP code 94601 which includes Sacramento was $324,000.

While there may be some local variations within any given zip code area (due to factors such as location and size), overall trends suggest that homeownership rates are highest in areas with lower housing costs and lower levels of unemployment/underemployment. In addition, areas with higher levels of household income tend to have higher levels of homeownership rates as well.