95073, Soquel, CA

The 95073 zip code of Soquel, CA has a median home value of $269,000 and a median home equity value of $136,000. This is significantly higher than the statewide median home value of $181,500 and statewide median home equity value of $102,700. The 95073 zip code also has a significantly higher percentage of homes with values over $500,000 than the statewide percentage of homes with values over $500,000 (15% vs. 5%).

There are several factors that may contribute to the high home values in the 95073 zip code. First and foremost is the fact that Soquel is a desirable location for residents and businesses alike. The city has excellent schools and amenities, as well as an active business community. Additionally, there are many large estates located in this area which may also contribute to the high values.

Despite these factors contributing to high home values in the 95073 zip code, there are some potential risks associated with buying or owning a home in this area. For example, if interest rates rise above historic levels or if the local economy takes a downturn, homeowners could find themselves facing significant financial challenges. Additionally, although Soquel is generally safe and secure compared to other areas of California (according to FBI crime statistics), it does have a relatively low population density which could make it vulnerable to crime events that occur outside its borders.