95746, Granite Bay, CA

The Granite Bay zip code 95746 has a population of around 27,000 people and an average home value of $269,000. The median home value in the Granite Bay zip code is $236,500 which is lower than the California statewide median home value of $478,500. The homeownership rate in the Granite Bay zip code is around 66% which is lower than the statewide homeownership rate of 73%. The percentage of homes that are owner-occupied in the Granite Bay zip code is lower than the statewide percentage of owner-occupied homes at 71%.

The reason why the homeownership rate in the Granite Bay zip code is lower than statewide rates may be because there are more renters in this area. There are also a lot more single family homes in this zip code compared to multi-family homes. Another reason could be that many people who live in this area are retired and may not need as much space as someone who works full time. Finally, it's possible that some people who live in this area may not be able to afford a house on their own so they rent instead.