95941, Forbestown, CA

The Forbestown zip code has a median home value of $236,500. This is significantly higher than the statewide median home value of $185,000. The Forbestown zip code also has a high percentage of homes with equity (over 50%). This indicates that many homeowners in this area are able to use their home equity to cover various expenses.

One reason for the high percentage of homes with equity is likely the low unemployment rate in Forbestown. The unemployment rate in Forbestown was 2.4% as of September 2017, which is lower than the statewide unemployment rate of 4.2%. In addition, many homeowners in Forbestown may have access to favorable financing options, such as low-interest mortgages or HELOCs (home equity lines of credit).

Overall, it appears that homeownership and home values are strong in the 95941 zip code. This may be due to factors such as low unemployment rates and access to favorable financing options.