95215, Stockton, CA

Stockton, CA is located in the Central Valley region of California. The city has a population of over 300,000 and is the fifth largest city in the state. Stockton was founded in 1849 and became a major center for agriculture and manufacturing. The city's economy has shifted to services and trade since the 1990s.

Home prices in Stockton have increased significantly over the past few years. In March of 2018, Zillow reported that Stockton's home prices had increased by 27% from 2017 to 2018. This makes Stockton one of the fastest-growing cities in America when it comes to home prices!

The median home price in Stockton is $190,000 which is above the national average of $185,000 but below Sacramento's median home price of $245,000.

Stockton's strong economy has led to an increase in home equity values as well as home prices. In March 2018, Zillow reported that Stockton homeowners had an average net worth of $146,200 which was above both the California statewide average ($132,700) and national average ($177,600).

There are several factors contributing to this trend including: low interest rates (4%), strong job market (5th highest unemployment rate in California at 3%), increasing wages (6th highest wage growth rate nationally), and limited inventory (Zillow reports that there are only 2% more homes for sale than there were at this time last year).

The City of Stockton has made efforts to support its residents' housing market by implementing new zoning regulations which encourage development near public transportation hubs and within walking distance to amenities such as grocery stores and schools. Additionally, they have invested heavily into affordable housing initiatives such as Section 8 vouchers and HOME funds which help low-income families purchase homes. These policies are helping to stabilize neighborhoods while also encouraging more people to invest in local neighborhoods - both of which are positive trends for homeownership rates and home values!