95060, Santa Cruz, CA

The 95060 zip code of Santa Cruz, CA has a median home value of $527,000 and a median home equity value of $206,000. The 95060 zip code has a population of about 54,000 people and is located in the Silicon Valley region.

The 95060 zip code has seen an increase in home values over the past few years. In 2014, the median home value was $495,000 and the median home equity value was $165,000. In 2015, the median home value increased to $520,000 and the median home equity value increased to $187,500. The 2016 data shows that the median home value is now at $527,000 and the median home equity value is now at $206,500. This indicates that there has been an increase in both homes values and homeowner equity in this particular zip code over recent years.

One reason for this increase in property values may be due to increasing demand from buyers who are looking for properties in close proximity to major employers such as Google and Facebook. Additionally, many people who live in this zip code are wealthy Silicon Valley entrepreneurs or investors who may be able to afford higher prices than average residents. Additionally, many new homes being built in this area are larger than average which may also contribute to increasing property values.

Despite these positive trends however there are some risks associated with buying or owning a property in this area including potential market volatility (due to global economic conditions or political events) and rising interest rates which could lead to decreased affordability or even loss of principal on mortgages if not properly managed.