94803, El Sobrante, CA

The 94803 zip code of El Sobrante, CA has a median home value of $527,000 and a median home equity value of $266,000. The average home size in this zip code is 2,851 square feet. This means that the typical homeowner in this zip code has around $154,000 in equity in their home.

Home prices have been on the rise for the past few years in El Sobrante. In fact, according to Zillow’s Home Value Index (HVI), prices have increased by an average of 5.2% each year since 2013. This has led to a significant increase in homeowners’ equity levels over that time period.

One reason for this trend is that there are relatively few homes available for sale in El Sobrante compared to other areas of the Bay Area. As a result, buyers have had more opportunity to purchase homes at higher prices and increase their equity levels accordingly.

There are also some factors that could potentially lead to slower growth or even a decline in home values in El Sobrante over time. For example, if interest rates were to rise significantly from their current low levels or if there were another major housing market crash like we saw during the Great Recession, then homeowners’ equity could be significantly reduced relative to where it is today.