95379, Tuolumne, CA

The 95379 zip code of Tuolumne, CA is located in the eastern portion of the state and includes a mix of rural and suburban areas. Home prices in this area have been increasing steadily over the past few years, reaching a peak in 2016 before beginning to decline slightly in 2017. At present, home prices are approximately 8% below their peak value.

One reason for the recent increase in home prices is that there has been an increased demand for housing due to population growth and an influx of new residents into the area. Additionally, many homeowners who were able to refinance their mortgages during the boom years have seen their equity increase significantly. As a result, they are more likely to be willing to sell their homes now than they were several years ago.

Despite these positive factors, there are some potential risks that could affect home prices in this area. For example, if interest rates rise again (as seems likely), then homeowners who took out high-interest loans may find it difficult to sell their homes at current prices. Additionally, if there is another recession or housing market crash (as has happened before), then home values could fall significantly once again.