94518, Concord, CA

The Concord, CA 94518 zip code has a population of around 112,000 people and is located in Contra Costa County. The median home value in the zip code is $527,500 which is above the California median home value of $478,800. Additionally, the 94518 zip code has a homeownership rate of 66% which is above the California homeownership rate of 63%.

One reason that the Concord, CA 94518 zip code has a higher home value than other areas in California is likely due to its high homeownership rate. In addition, many homes in this area were built between 1990 and 2000 which are typically more expensive than newer homes. Additionally, Concord has been ranked as one of the best places to live in America by Forbes magazine multiple times. This may also contribute to why homes in this area are more expensive than average.

Despite having a high home value and high homeownership rate, there have been some recent trends that suggest that prices may be decreasing in the 94518 zip code. For example, there was an increase in foreclosures during 2017 which could lead to lower prices down the line. Additionally, there have been reports of increasing prices for single-family homes near UC Berkeley which could indicate that demand for housing is increasing overall within this area. However, it's important to keep in mind that these are just trends and it's still too early to tell if prices will continue to decrease or increase over time.