95041, Mount Hermon, CA

The 95041 zip code of Mount Hermon, CA has a median home value of $1,000,000. This is significantly higher than the statewide median home value of $476,500. The 95041 zip code also has a high percentage of homes with a mortgage at 97%. This is much higher than the statewide average mortgage rate of 4.4%.

There are many factors that contribute to the high home values in the 95041 zip code. One reason is that Mount Hermon is a highly desirable location. It is located in the San Gabriel Mountains and has an abundance of natural resources such as skiing and hiking. Additionally, there are many luxury homes in this area which have helped to increase prices.

Despite these high prices, there are still some opportunities for buyers in the 95041 zip code. For example, there are many smaller homes available which can be more affordable than some of the larger homes in this area. Additionally, there are a number of foreclosures available which may be an option for buyers who want to purchase a home without having to pay full price.