95210, Stockton, CA

Stockton, CA is located in the Central Valley of California and has a population of over 300,000 people. The median household income in Stockton is $38,000 which is lower than the national median household income of $53,046. Stockton also has a high rate of poverty with over 30% of its residents living below the poverty line.

The average home value in Stockton is $122,000 which is lower than the statewide average home value of $227,500. The percentage of homes that are owner-occupied in Stockton is 66% while the percentage of homes that are renter-occupied is 34%. The homeownership rate in Stockton has been declining since 2000 and currently stands at 63%.

The average monthly mortgage payment for a home in Stockton is $1,521 which is higher than the statewide average monthly mortgage payment of $1,178. The percentage of homes that are underwater on their mortgages in Stockton is 18%.

There have been several recent developments that could impact home prices and home equity in Stockton. In March 2017 Governor Jerry Brown signed into law Senate Bill 5 which will increase taxes on properties worth more than $2 million by up to 12%. Additionally, there have been reports that Amazon may be looking to build a second headquarters location in Northern California and may choose to locate this headquarters near or within the 95210 zip code. If either or both these developments occur it could lead to an increase in demand for housing within the 95210 zip code and possibly result in an increase in home prices within this area.