94588, Pleasanton, CA

The Pleasanton zip code 94588 has a population of around 209,000 people and is located in Contra Costa County. The median home value in the zip code is $1,052,500 which is significantly higher than the national median home value of $177,700. In addition, the average home equity in the Pleasanton zip code is $269,200 which is also significantly higher than the national average of $146,100.

One reason for this high level of home equity in the Pleasanton zip code may be due to its strong economy. The unemployment rate in Contra Costa County as a whole was 3.8% in December 2017 which was lower than both the California statewide unemployment rate (4.2%) and the national unemployment rate (4.9%). Additionally, wages have been increasing rapidly over recent years which may also contribute to high levels of home equity in this area.

Another factor that may contribute to high levels of home equity in the Pleasanton zip code are low interest rates. The Federal Reserve's target interest rate currently stands at 0%. This means that banks are offering relatively low rates on loans that they offer consumers and it may be contributing to high levels of home equity across many areas of America.