95949, Grass Valley, CA

The Grass Valley zip code 95949 has a population of around 27,000 people and is located in the Sacramento metropolitan area. The median home value in this zip code is $379,000 which is above the California median home value of $269,500. Grass Valley also has a high rate of home equity (77%) which is higher than the statewide average (64%). This indicates that homeowners in this zip code are more likely to have a lot of equity in their homes than homeowners statewide.

One reason why homeowners in this zip code may have more equity in their homes is because there are relatively few foreclosures and short sales in this area. In fact, only 2% of homes here are classified as being in foreclosure or short sale status, which is lower than the statewide average of 3%. Additionally, Grass Valley has a low rate of unemployment (4%) which may help to keep housing prices stable during tough economic times.

Despite these positive factors, there are some risks associated with owning a home in the Grass Valley zip code. For example, there is a high rate of property taxes (10%), which means that homeowners will likely pay a large amount each year for government services like schools and police protection. Additionally, there is also a high rate of crime (14%), so it may be important for homeowners to take precautions like installing security systems and keeping their homes well-maintained to avoid having costly repairs done later on.