95624, Elk Grove, CA

The 95624 zip code of Elk Grove, CA has a median home value of $245,000 and a median home equity value of $141,000. The home values in this zip code are higher than the California statewide median home value of $217,500 and the national median home value of $193,200. This indicates that there is more wealth in this zip code than in other areas across the United States.

There are many factors that contribute to the high home values in this zip code. One reason is that Elk Grove is a affluent suburb located near Sacramento. It has a high rate of educational attainment and employment opportunities, which leads to high incomes and increased demand for housing. Additionally, Elk Grove is an attractive place to live because it has good schools and plenty of amenities such as parks and shopping districts.

Despite these positive factors, there are some challenges facing homeowners in the 95624 zip code. One issue is that prices have been increasing faster than wages over the past few years, which makes it harder for people to afford homes on their own. Additionally, there is a shortage of available homes for sale due to strong demand from buyers who want to live in this desirable area. This could lead to higher prices and longer wait times for buyers who want to purchase homes in this area.