95834, Sacramento, CA

Home Equity and Home Prices in the 95834 Zip Code of Sacramento, CA

The home equity and home prices in the 95834 zip code of Sacramento, CA are very high. The median home value in this zip code is $527,000, which is more than triple the national median home value of $177,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Over 60% of homes in this zip code are worth more than their original purchase price. This is significantly higher than the national average of just over 30%.

One reason for this high level of home equity and home prices in the 95834 zip code of Sacramento, CA may be due to its strong economy. The unemployment rate here is just 4%, which is much lower than the national average unemployment rate of 6%. Additionally, wages are also relatively high here compared to other parts of the country. This may help to contribute to a higher level of home equity and home prices.

Despite these positive factors, there are some risks associated with buying a house in the 95834 zip code of Sacramento, CA. One risk is that interest rates could rise over time and make it harder for people to afford their homes. Another risk is that a housing market crash could occur and lead to a decrease in home values. Despite these risks, however, it appears that people who live in this area have plenty of reasons to be confident about their future prospects when it comes to buying or selling a house here.