95816, Sacramento, CA

The Sacramento zip code 95816 has a population of over 1 million people and is one of the most populous zip codes in California. The median home value in this zip code is $269,000, which is above the statewide median home value of $217,500. The percentage of homes in this zip code that are owner-occupied is 68%, which is above the statewide percentage of owner-occupied homes at 63%. The percentage of homes in this zip code that are renter-occupied is 32%, which is below the statewide percentage of renter-occupied homes at 37%.

There are a number of factors that may contribute to the high home values in the Sacramento zip code 95816. One reason may be that there are a large number of families who have been living in this area for many years and have built up equity in their homes. Another reason may be that there are a large number of jobs available in Sacramento, which means that people can afford to buy homes here even if they do not have a high income. Additionally, the cost of housing tends to be higher than average anywhere else in California, so people who live in Sacramento may be able to afford to buy a home even if they do not have a high income.