95835, Sacramento, CA

Home Equity and Home Prices in the 95835 Zip Code of Sacramento, CA

The home equity and home prices in the 95835 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 $152,000. Additionally, the percentage of homes in this zip code that are worth more than $1 million is also very high at 27%. This indicates that there are a lot of wealthy people living in this area and they are able to afford to buy expensive homes.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for housing here. The population of this zip code has grown by 8% over the past five years, which means that there are a lot more people looking to buy or rent homes here. Additionally, many wealthy people live in this area and they want to buy or rent homes that they can use as their primary residence. Therefore, there is a lot of competition for these homes and prices have gone up accordingly.

Despite the high home equity and home prices in this zip code, it may not be a bad idea to buy or rent a house here if you can afford it. The unemployment rate in this area is only 4%, which is much lower than the national average unemployment rate of 6%. Additionally, wages have been increasing steadily over the past few years so even if you don’t have much money saved up you should be able to afford a house here without too much difficulty.