95319, Empire, CA

The 95319 zip code of Empire, CA has a median home value of $247,500 and a median home equity value of $164,000. These values are significantly higher than the California statewide median home value of $185,000 and the national median home equity value of $169,900. The high home values in the 95319 zip code may be due to its proximity to major metropolitan areas such as Los Angeles and San Francisco. Additionally, the area is well-educated and has a high population density which may contribute to the high demand for housing in this area.

Despite the high home values in the 95319 zip code, there is evidence that prices are beginning to decline. In 2016, there was a 2% decrease in homes sold compared to 2015. Additionally, there was an 8% decrease in homes valued at over $1 million compared to 2015. This suggests that although prices are still relatively high compared to other areas of California and the United States, they may be headed down towards more affordable levels over time.