94514, Byron, CA

The Byron zip code has a median home value of $287,000 and a median home equity of $144,000. This is higher than the California statewide median home value of $217,500 and the national median home equity of $130,000. The Byron zip code also has a high rate of homeownership at 91%. This is higher than the statewide homeownership rate of 78% and the national homeownership rate of 63%.

One reason for this high rate of homeownership in the Byron zip code may be that there are relatively few homes for sale in this area. There are only 86 homes for sale in the Byron zip code as compared to 1,811 homes for sale in California as a whole and 5 million homes for sale nationwide. Another reason may be that many people in the Byron zip code are able to afford to buy a home even though their income is lower than average. The average household income in the Byron zip code is $94,800 which is lower than both the statewide average household income ($119,600) and the national average household income ($117,700). However, despite having lower incomes than most other areas, nearly half (47%) of households in the Byron zip code own their own home. This compares favorably with both California (43%) and nationwide (45%).