94528, Diablo, CA

The Diablo, CA 94528 zip code has a population of around 21,000 people and is located in the San Francisco Bay Area. The median home value in this zip code is $1,078,500 which is significantly higher than the national median home value of $181,600. The percentage of homes in this zip code that are owned by individuals is significantly higher than the national average of 63%. This indicates that there are a lot of homeowners in this area who are able to use their home equity to finance other investments or expenses.

One reason why the Diablo, CA 94528 zip code has such high home values is because it is located in one of the most desirable areas in California. The city of San Francisco and Silicon Valley are both only about an hour away from this area which means that there is a large pool of potential buyers who are interested in purchasing homes here. Additionally, many people who live in this area commute to work either within San Francisco or Silicon Valley so they can easily access high-paying jobs. Therefore, it isn't surprising that there are so many homes for sale and so much demand for property in this area.

Despite the fact that there are so many homes for sale and such high demand for property in the Diablo, CA 94528 zip code, prices have not increased at a consistent rate over time. In fact, prices have actually decreased by 2% since 2016 which indicates that there may be some potential sellers who are waiting to see if prices will increase before they put their properties on the market. It's possible that some buyers may be waiting until after the holiday season before making an offer on a property because they know that there will be more competition for these properties then.