94571, Rio Vista, CA

The Rio Vista zip code is located in the San Francisco Bay Area and has a population of approximately 18,000. The median home value in the Rio Vista zip code is $527,000, which is significantly higher than the California statewide median home value of $217,500. The average home equity loan-to-value ratio in the Rio Vista zip code is 95%, which indicates that most homeowners have a considerable amount of equity in their homes.

Rio Vista has seen an increase in home values over the past few years due to strong demand and limited supply. There are currently only 96 homes for sale in the Rio Vista zip code, compared to 602 homes for sale at this time last year. This limited supply has led to increased prices for homes within the Rio Vista zip code. The average price per square foot for homes within the Rio Vista zip code is $1,857, which is significantly higher than the statewide average price per square foot of $1,269.

Despite experiencing strong demand and high prices, there are some concerns that could impact home values in the Rio Vista area down the road. One potential issue could be a decrease in economic growth rates or an increase in interest rates, which could lead to fewer buyers purchasing homes and increased competition among sellers. Another potential issue could be a housing market crash that would cause people to lose their jobs and reduce their income levels; this would then lead to less money being available to purchase homes or pay off mortgages on existing homes.