95667, Placerville, CA

The 95667 zip code of Placerville, CA is located in the Sacramento Valley and has a population of around 26,000. Home prices in this area have been on the rise for the past few years and are now above the national average. The average home price in this zip code is $269,000 which is up from $236,000 just five years ago.

One reason for the increase in home prices in this area may be due to its proximity to major metropolitan areas such as Sacramento and San Francisco. Additionally, many new homes are being built in this area which has helped to drive up prices. Another factor that may be contributing to the increase in home prices is low interest rates which make it more affordable to borrow money for a down payment on a home.

Despite these positive factors, there are some potential risks that could affect home values in this area. For example, if there were a housing market crash or another economic recession, then prices could decrease significantly. Additionally, if there were any major changes made to zoning laws or regulations governing housing development in this area, then it could have an impact on home values as well.