95966, Oroville, CA

The 95966 zip code of Oroville, CA has a population of approximately 25,000 people. The median household income in this zip code is $60,000 which is lower than the statewide median household income of $79,500. The homeownership rate in this zip code is just over 60% which is lower than the statewide homeownership rate of 70%. The percentage of households that are renter occupied is just over 30%.

There has been a significant increase in home prices in the 95966 zip code over the past few years. In January 2017, the median home price was $269,900 which was up from $224,900 in January 2016. Over the past year alone, the median home price has increased by almost 20%. This increase in home prices has been primarily due to an increase in demand for housing stock as well as limited supply. There are currently only 1,700 homes available for sale within the 95966 zip code which is less than half of what is typically available during peak season.

Despite these high prices, there are still many opportunities for buyers within this zip code. According to Zillow’s recent report on California’s Housing Market Trends 2018 , there are currently more jobs available within commuting distance of Oroville than there are homes available for sale. This indicates that there will be continued demand for housing stock even if prices continue to rise rapidly. Additionally, many homeowners who have lived in their homes for several years may be able to refinance their mortgages at current rates and receive a higher return on their investment than they would if they were to sell their homes now.