95020, Gilroy, CA

Gilroy, California is located in the 95020 zip code. The 95020 zip code has a population of approximately 101,000 people. Gilroy is located in the Central Valley region of California and is known for its agricultural production. The median home value in the 95020 zip code is $871,500 which indicates that there are a majority of homes that are valued at or above $800,000.

The average home equity in the 95020 zip code is $241,667 which indicates that most homeowners have some equity in their homes. Home values have increased significantly over the past few years and there appears to be a strong demand for housing within this area. In addition, many homebuyers appear to be able to afford more expensive homes within this zip code due to strong job growth and wage increases over the past few years.

There are several factors that may contribute to increased home values within Gilroy including: increasing demand from local residents and investors; limited supply of available housing; low interest rates; and favorable economic conditions. It will be important to monitor these factors as they may change over time and could impact home prices within this area.