95659, Nicolaus, CA

The 95659 zip code of Nicolaus, CA has a median home value of $239,000 and a median home equity value of $131,000. The 95659 zip code is located in the Inland Empire region of Southern California. The 95659 zip code has a population of about 30,000 people.

The 95659 zip code has seen an increase in home values over the past few years. In January 2016, the median home value was $227,500 and the median home equity value was $123,500. Since then, the median home value has increased to $239,000 and the median home equity value has increased to $131,000. This indicates that there is an increase in demand for homes in the 95659 zip code and that there are plenty of buyers who are willing to pay higher prices for homes in this area.

One reason why there is an increase in home values in the 95659 zip code is because there are a lot of new homes being built in this area. Over the past few years, there have been a lot of new homes being built in Nicolaus which has led to an increase in demand for these homes. Additionally, many people who live in the 95659 zip code are able to afford high-priced homes because they have good incomes or they have saved up a lot of money over time. Therefore, it is not surprising that there is an increase in home values throughout Nicolaus over time.

Another reason why there is an increase in home values throughout Nicolaus over time is because interest rates have remained low throughout this period. Low interest rates make it more affordable for people to borrow money to buy a house or to refinance their current house into a more expensive house than they would be able to afford if interest rates were higher. Therefore, low interest rates tend to lead to an increase in housing prices since people can afford more expensive houses due to low borrowing costs.