95051, Santa Clara, CA

The 95051 zip code of Santa Clara, CA has a median home value of $1,054,500. This is a decrease from the previous year when the median home value was $1,164,000. The decrease in home values can be attributed to a number of factors including lower demand from buyers and sellers combined with stricter lending criteria by banks.

Despite the decrease in home values, there are still many homeowners in the 95051 zip code who are benefiting from their equity in their homes. Homeowners have been able to use this equity to purchase additional property or invest it into other assets such as stocks or bonds. Additionally, many homeowners have used their home equity to pay off debt such as mortgages or credit card bills.

Overall, homeownership is still a strong indicator of financial stability for individuals in the 95051 zip code. While there may be some fluctuations in home values over time, overall stability and security is still very much present for those who own homes here.