95485, Upper Lake, CA

The 95485 zip code of Upper Lake, CA has a median home value of $269,000 and a median home equity value of $137,000. The 95485 zip code has a population of 2,851 people and is located in the Central Valley region of California.

The 95485 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $236,000 and the median home equity value was $116,000. In 2016, the median home value was $269,000 and the median home equity value was $137,000. This indicates that there has been an increase in both home values and home equity values in this area over the past five years.

One reason for this increase in home values may be due to low interest rates throughout much of the United States. Low interest rates make it more affordable for people to buy homes and also allows homeowners to borrow against their homes to pay for things like renovations or new additions to their homes. Additionally, increasing demand for housing may also be contributing to this increase in Upper Lakehome values. There are many people who are looking for affordable housing options close to major cities or work locations. The 95485 zip code is located within close proximity to both Fresno and Bakersfield which are two major cities in California. Therefore, there is likely increased demand for housing within this area as well as increased competition among buyers for available properties.

Another potential reason why Home Values have increased in Upper Lake is due to limited supply versus increasing demand from buyers . There are not many new homes being built within this area which could lead to increased prices if there were more available properties on the market . Additionally , some homeowners may have decided that they want to sell their homes rather than wait out potentially long waiting periods for new homes to come onto the market . As a result , there may be limited inventory available which drives up prices .

Despite these reasons , it's important not get too wrapped up in analyzing specific data points when making purchasing decisions - instead focus on overall trends over time so you can make informed decisions about where you would like invest your money