95324, Hilmar, CA

The Hilmar, CA 95324 zip code has a population of around 10,000 people and is located in the Central Valley region of California. The median home value in this zip code is $236,000 which is significantly higher than the statewide median home value of $183,500. This high home value may be due to the fact that Hilmar is a popular location for retirees and families who want to live in a suburban setting without having to deal with the hustle and bustle of city life.

Home equity refers to the difference between what an owner owes on their home and its market value. Home prices are typically determined by several factors including local demand, supply and competition from other homes for sale. In general, prices tend to rise as more people want to buy or lease homes in a given area, and they fall when there are fewer available homes for purchase or when interest rates increase.

According to Zillow's 2018 National Home Value Survey, Hilmar's home values have increased by 2% over the past year which puts it within the top 5% of all zip codes across America. This upward trend may continue as more people become interested in purchasing or leasing homes in this affluent area.