94553, Martinez, CA

Martinez, California is located in Contra Costa County and has a population of approximately 101,000. The median household income in Martinez is $86,500 and the median home value is $269,000. Approximately 60% of Martinez residents own their homes while the remaining 40% rent.

The average home equity in Martinez is $128,000 which is lower than the statewide average of $186,200. This may be due to lower incomes or less access to credit. Martinez homeowners also have a lower mortgage rate than homeowners statewide: 4.5% compared to 5%.

Despite these factors, Martinez home values have increased by 7% over the past year and are projected to grow by another 3% this year according to Zillow. This growth may be due to increasing demand for housing in Martinez as well as limited supply.