95462, Monte Rio, CA

Home Equity and Home Prices in the 95462 Zip Code of Monte Rio, CA

The 95462 zip code of Monte Rio, CA has a median home value of $269,000. This is higher than the statewide median home value of $217,500. The 95462 zip code also has a median home equity value of $101,000. This is higher than the statewide median home equity value of $77,500. These high values indicate that homeowners in the 95462 zip code are doing well financially.

One reason for this may be that there are relatively few homes for sale in the 95462 zip code. In fact, only 4% of homes for sale in Monte Rio are located in the 95462 zip code. This low number of available homes may lead to increased prices and increased equity for homeowners in the 95462 zip code. Additionally, many homeowners in the 95462 zip code may have taken out mortgages or other forms of financing to purchase their homes. As long as these mortgages remain current and payments are made on time, homeowners can generally expect their home equity values to continue to increase over time.