95368, Salida, CA

The 95368 zip code of Salida, CA has a median home value of $246,000. The home equity in this zip code is $128,000. This means that the homeowners in this zip code have a net worth of $132,000 and the home price represents 27% of their total net worth. Home prices in Salida have increased by 9% over the past year and are projected to increase by an additional 5% over the next year.

There are a number of factors that contribute to the high home values in Salida. First, there is a low population density in this zip code which allows for more land to be sold per capita than other areas. Second, there is a strong demand for housing due to the close proximity to major metropolitan areas such as Los Angeles and San Francisco. Third, there is a low unemployment rate which leads to increased demand for housing services and products. Fourth, Salida has been designated as a "Gold Coast" community which means that it has many amenities such as golf courses and tennis courts that attract affluent residents. Finally, recent development projects such as The Village at Salida Hills have helped to increase the available inventory of homes for sale and thus drive up prices.