95968, Palermo, CA

The Palermo zip code 95968 has a population of approximately 25,000 people. The median household income in this zip code is $92,000, and the median home value is $527,500. In terms of home equity, the Palermo zip code has a median home equity value of $236,500.

There are a number of factors that contribute to the high home values in the Palermo zip code. First and foremost, the area is affluent and has a high demand for housing. Second, there is a low rate of foreclosure activity in this area which keeps prices high. Finally, there is strong demand for housing due to the close proximity to major metropolitan areas such as Los Angeles and San Francisco.

Despite these high values, there are some risks associated with owning a home in the Palermo zip code. For example, if you have less than 20% down on your purchase price you may be required to pay mortgage insurance which could add up over time. Additionally, if interest rates rise significantly you could find yourself facing significant payments on your mortgage that you may not be able to afford.