95683, Sloughhouse, CA

Home Equity and Home Prices in the 95683 Zip Code of Sloughhouse, CA

The 95683 zip code of Sloughhouse, California has a median home value of $236,000. This is higher than the statewide median home value of $217,500. The 95683 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is lower than the statewide percentage of homeowners with a mortgage at 71%.

There are several factors that may contribute to these high home values and low mortgage rates in the 95683 zip code. One reason may be that this area is relatively affluent. The median household income in this zip code is over $100,000 which means that there are more people able to afford to buy homes here. Additionally, there are fewer families living in poverty here which means that people have more money available to invest in their homes.

Another factor that may contribute to high home values and low mortgage rates in the 95683 zip code is the availability of housing stock. There are fewer homes for sale here compared to other areas which means that it takes longer for prices to decline when there is an increase in demand for homes. Additionally, many people who live in this area own their homes outright which gives them more stability when investing in property.

Despite these positive factors, there are some risks associated with buying a home in the 95683 zip code. One risk is that interest rates could rise which would make it harder for people who have mortgages to afford their homes. Another risk is that house prices could decline if economic conditions change negatively or if interest rates go up again. However, overall it appears that homeownership and access to affordable mortgages are still popular choices among residents of the 95683 zip code