95363, Patterson, CA

The 95363 zip code of Patterson, CA has a population of around 10,000 people. The median household income in this zip code is $60,000 and the median home value is $225,000. This means that the 95363 zip code has a lower than average income and home values.

Despite these lower than average incomes and home values, the 95363 zip code has seen an increase in home equity over the past few years. In 2012, the median home equity in this zip code was $158,500. By 2016, this had increased to $187,500. This indicates that there is strong demand for homes in the 95363 zip code and that homeowners are able to increase their home equity over time.

One reason why homeowners have been able to increase their home equity is because of rising prices across all markets in California over the past few years. In general, prices have increased faster in more expensive markets such as San Francisco and Los Angeles than they have in cheaper markets such as Patterson. As a result of this upward trend in prices across all markets, homeowners who live in more expensive markets have been able to gain more value from their homes than those who live in cheaper markets.

While homeownership rates are still high overall (around 70% nationwide), there has been a recent trend towards increasing homeownerhip rates among those living within certain price ranges. For example, rates of homeownerhip among those earning between $75K-$100K have increased by around 5% since 2010 while rates among those earning more than $200K have increased by around 10%. This suggests that as prices continue to rise across all market segments and more people are able to afford a house on their own merits rather than through family connections or luck - homeownerhip rates will continue to rise overall