94589, Vallejo, CA

The Vallejo zip code, 94589, has a population of approximately 121,000 people. The median household income in this zip code is $60,000 and the median home value is $269,500.

Since 2007, the home equity market in Vallejo has seen significant growth. In 2007, the home equity market in Vallejo was worth $128 million. By 2016, the home equity market had grown to be worth $269 million. This growth can be attributed to a number of factors including an increase in population and average household incomes over this time period. Additionally, since 2007 there has been a steady increase in the amount of available credit which has helped fuel the housing market growth in Vallejo.

Despite these positive trends, there are some risks associated with buying or owning a home in Vallejo that should be considered before making any decisions. For example, although prices have increased significantly over the past few years there is still potential for them to decline over time if interest rates continue to rise or if there are any other unforeseen economic events that occur. Additionally, although interest rates have remained relatively low historically there is always potential for them to increase which could cause homeowners who have taken out mortgages or loan products with fixed interest rates to experience significant increases in their monthly payments. Finally, although Vallejo has seen strong growth in its home equity market it is important to keep in mind that not all areas within this zip code are experiencing similar levels of success. Areas near the city center may see more rapid appreciation than areas further away from downtown due to higher demand and limited supply (i.e., more homes being sold).