95205, Stockton, CA

Stockton, CA is located in the Central Valley of California and has a population of over 300,000 people. The 95205 zip code has a median home value of $131,000 and a median household income of $51,000. Stockton is one of the most economically depressed cities in the United States with an unemployment rate of over 20%. Over 60% of households in the 95205 zip code are below the poverty line.

The housing market in Stockton has been struggling for many years due to high unemployment and low incomes. In 2008, there were only 134 homes sold in the 95205 zip code which was down from 748 homes sold in 2007. In 2013, there were only 97 homes sold which was down from 251 homes sold in 2012. The reason for this decline is likely due to low interest rates and tight credit availability which have made it difficult for people to purchase homes.

Despite these challenges, there are some indications that the housing market may be starting to improve. In 2014, there were 191 homes sold which was up from 97 sales in 2013. This increase may be due to increased demand for housing as well as increased interest rates which have made it more affordable for people to purchase homes. Additionally, Stockton's economy has been growing slowly but steadily over the past few years so it is possible that more people will become interested in purchasing homes in the future.