94806, San Pablo, CA

Home Equity and Home Prices in the 94806 Zip Code of San Pablo, CA

There is no doubt that home equity is one of the most important assets a person can have. Not only does it provide a cushion against unexpected financial setbacks, but it also provides an important source of retirement income. In addition, home equity can be used to purchase other assets, such as cars or property.

According to Zillow, the median home value in the 94806 zip code of San Pablo was $248,000 in January 2018. This represents a 3% increase from January 2017 and a 10% increase from January 2016. The average home value in this zip code has increased by 8% over the past three years.

While there are some areas of the country where prices are increasing more rapidly than others, there is no question that home values are rising steadily throughout much of California. In fact, according to Trulia’s Statewide Home Value Index (SHVI), California has seen the largest year-over-year growth rate (14%) among all states since tracking began in 2013. Nationwide, growth rates have been more modest over this period (6%).