95304, Tracy, CA

The 95304 zip code of Tracy, CA has a population of around 57,000 people. The median household income in this zip code is $87,500, which is significantly higher than the California median household income of $60,000. This high median income likely reflects the presence of many highly-paid professionals in this area.

Home prices in the 95304 zip code have been increasing rapidly over the past few years. In March of 2018, the median home price was $569,000, which is up from $499,000 in March of 2017. This rapid increase in home prices has led to a significant increase in home equity values in this area. As of September 2018, the total value of all homes in the 95304 zip code was $4.2 billion dollars. This represents an increase of 116% since 2013!

Despite these high home values and rising home equity values, there are still many homeowners who are struggling to afford their mortgages on their current homes. According to Zillow’s Home Value Index data for Tracy Zip Code (95304), as of September 2018 there were 17% more homeowners with negative equity than there were at the peak of the housing market back in 2007! This indicates that even though homeownership rates are at an all-time high and home values have increased significantly over recent years, a large number of people are still struggling to maintain their homes against potential financial challenges down the road.