95405, Santa Rosa, CA

Home Equity and Home Prices in Santa Rosa, CA

The 95405 zip code of Santa Rosa, CA has a median home value of $291,000 and a median home equity value of $236,000. These values are higher than the statewide median home value of $217,500 and the national median home equity value of $177,200. The 95405 zip code is also higher than the statewide median home value and the national median home equity value by a significant margin.

There are several factors that contribute to the high values in the 95405 zip code. First, Santa Rosa is a desirable location with plenty of amenities and opportunities for growth. Second, there is strong demand for housing in this area due to its proximity to major cities such as San Francisco and Oakland as well as other desirable areas such as Napa Valley. Third, there is a high level of household income relative to other areas in California which allows homeowners to invest more money into their homes. Fourth, there is relatively low levels of foreclosure activity in this area which helps keep prices high. Fifth, there is limited supply of housing available which keeps prices high.

Despite these positive factors, there are some challenges facing homeowners in the 95405 zip code. One issue is that prices have been increasing faster than wages over recent years which makes it harder for people to afford homes on their own accord. Another challenge is that interest rates are currently at historic lows which makes it difficult for people to get loans for larger purchases such as homes or cars. Finally, although demand remains strong overall, there may be some saturation point where demand begins to decline leading to lower prices over time