95926, Chico, CA

The Chico, CA 95926 zip code has a population of around 97,000 people and is located in the Sacramento Valley. The median home value in this zip code is $236,000 which is significantly higher than the national median home value of $181,600. This high home value may be due to the strong economy and low unemployment rate in Chico. Additionally, there are a number of affluent neighborhoods in this zip code such as Rancho Del Oro and River Oaks which may also contribute to the high home values.

Despite the high home values, there are still many homeowners who are struggling to pay their mortgages or have negative equity in their homes. In fact, according to Zillow’s 2018 Home Value Index report, approximately 10% of homeowners in this zip code have negative equity (meaning their homes are worth less than what they owe on them). This percentage is slightly higher than the national average of 9%. Negative equity can make it difficult for homeowners to sell their homes or refinance into a more affordable loan option.

Overall, while the Chico 95926 zip code has a high home value compared to other areas of the country, there are still many homeowners who are struggling financially.