95531, Crescent City, CA

The home equity and home prices in the 95531 zip code of Crescent City, CA are very high. The median home value in this zip code is $335,000, which is more than triple the national median home value of $127,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is significantly higher than the national average of just over 2%.

One possible explanation for these high home values and percentages is that Crescent City is a desirable location. The city has a population of just over 10,000 people and it is located just south of Eureka Springs, which has been recognized as one of the most beautiful small towns in America. Additionally, Crescent City is within close proximity to several major tourist destinations, including Napa Valley and Monterey Bay.

Despite these factors contributing to high home values and percentages in this zip code, there are some potential risks associated with buying or owning a home here. For example, Crescent City experiences significant rainfall throughout the year which could lead to water damage or structural damage if it rains heavily during construction season or if there's an earthquake. Additionally, while property taxes are low compared to other areas of California (due in part to the low median home value), they could increase significantly if market conditions change favorably for local governments.