95117, San Jose, CA

Home Equity and Home Prices in the 95117 Zip Code of San Jose, CA

The 95117 zip code of San Jose, CA has a median home value of $1,022,000. This is higher than the California median home value of $846,500. The 95117 zip code also has a higher than average percentage of homes with equity (77%). This indicates that homeowners in this area are more likely to have a significant amount of equity in their homes.

The average home price for the 95117 zip code increased by 9% from 2016 to 2017. This is slower than the statewide increase of 12%. However, when looking at ZIP codes within counties surrounding San Jose, the average home price increased by 16%.

There are several factors that could contribute to slower growth in home prices within certain areas compared to others. For example, if there is an influx of new residents into an area or if there is a decrease in demand for properties due to low interest rates or other factors.

Despite slower growth overall, it's important to keep in mind that prices can and do change rapidly in certain areas depending on market conditions. So always consult with a real estate agent or mortgage lender before making any decisions about purchasing or refinancing your property.