95206, Stockton, CA

Stockton, CA is located in the Central Valley and has a population of over 300,000. The 95206 zip code has a median home value of $101,500 and a median household income of $37,500. Stockton is experiencing an increase in home equity and home prices as the city continues to grow and attract new businesses and residents.

The Stockton metro area had a population growth rate of 2.1% from 2010-2015 according to the US Census Bureau. This growth has led to an increase in demand for housing which has resulted in an increase in home equity and home prices. In 2015, the median home value was $101,500 which is up from $93,100 in 2010. The average monthly mortgage payment for homes within the 95206 zip code was $1,049 in 2015 which indicates that homeowners are able to afford these high values. Homeowners within this zip code have also seen an increase in their household incomes as employment opportunities have increased within the city.

Home equity is important because it allows homeowners to borrow against their homes without having to sell them or take out a loan on them. Home prices are also important because they reflect how much people are willing to pay for a property relative to its worth. As Stockton continues to grow and attract new businesses and residents, it is likely that both home equity and home prices will continue to rise over time