94533, Fairfield, CA

Home Equity and Home Prices in the 94533 Zip Code of Fairfield, CA

The home equity and home prices in the 94533 zip code of Fairfield, CA are quite high. In fact, according to Zillow, the median home value in this zip code is $527,500. This is a far cry from some of the other zip codes in California that have median home values that are much lower. For example, the median home value in the 94534 zip code of Sacramento is only $191,900. This indicates that there is a lot of wealth and property investment activity taking place within the 94533 zip code of Fairfield.

One reason for this high level of home equity and property investment activity may be due to the many affluent residents who live within this zip code. According to Forbes magazine, there are a total of 10 wealthy neighborhoods within a 10-mile radius of the 94533 zip code. These neighborhoods include: The Village at Foothill Ranch (with a median household income of over $200,000), The Village at Granite Bay (with a median household income over $250,000), The Village at Willow Glen (with a median household income over $300,000), The Villages at Westlake (with a median household income over $350,000), Canyon Oaks (with a median household income over $400,000), Shadow Hills (with a median household income over $450,000), Sun City Granada Hills (with a median household income over $500,000), Stonegate Estates (with a median household income over $600,000) and Windermere Estates (with a median household income over $700,000). It is clear that there are many affluent residents living within close proximity to each other which could contribute to increased levels of home equity and property investment activity.

Another factor that could be contributing to high levels of home equity and property investment activity within the 94533 zip code is its strong economy. According to Zillow's Economic Research Department , Fairfield has had consistently positive economic growth since 2010 which has led to an increase in housing prices and overall prosperity . This strong economy could also lead more people into buying homes as an investment rather than for their primary residence . Additionally , because Fairfield has such low rates on mortgages compared to other areas throughout California , it may be more attractive for people looking to buy homes as an investment .

In conclusion , it can be seen that there are many factors contributing to high levels of home equity and property investment activity within the 94533 zip code of Fairfield,. These include its affluent population , positive economic growth , low rates on mortgages , and its strong economy . As long as these factors continue to prevail then it is likely that levels will remain high