95251, Vallecito, CA

The 95251 zip code of Vallecito, CA has a median home value of $269,000 and a median home equity value of $146,000. The 95251 zip code is located in the San Fernando Valley region of Los Angeles County and has a population of approximately 9,000.

The 95251 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $242,500 and the median home equity value was $128,500. In 2016, the median home value was $269,000 and the median home equity value was $146,000. This indicates that there has been an increase in both the Median Home Value (MV) and Median Home Equity Value (MEV) for this zip code since 2012.

One factor that may have contributed to this increase in home values is that there are relatively few homes for sale in this zip code compared to other areas of Los Angeles County. Additionally, many homes in this zip code are owner-occupied which may also contribute to increased values.

Another factor that could be contributing to increased values in this area is low interest rates. The Federal Reserve's target rate for short-term borrowing is currently at 0%. This means that banks are not willing to lend money at very low rates which could be contributing to higher prices for homes across the country.

Despite these factors contributing to increased values within the 95251 zip code over recent years, it is important to keep in mind that prices can fluctuate rapidly and there is no guarantee that they will continue to rise indefinitely.