96003, Redding, CA

The 96003 zip code of Redding, CA has a median home value of $216,000 and a median home equity value of $128,000. These values are significantly higher than the statewide median home value of $181,500 and statewide median home equity value of $111,100. This indicates that the homes in the 96003 zip code are more valuable than those in other parts of California.

One possible explanation for this high level of home values is that the area is located in a desirable location. The 96003 zip code is located within the Shasta-Trinity National Forest and close to several major cities, including Sacramento and Redding. Additionally, the area has a strong economy with many jobs in technology and other industries. These factors may contribute to the high level of home values in this area.

Another factor that may contribute to the high level of home values in the 96003 zip code is low levels of inventory. There are relatively few homes available for sale in this area, which may lead to increased prices when compared to areas with greater availability. In addition, there is evidence that demand for homes in this area is high due to its desirable location and strong economy. As a result, buyers who are able to find a property they want can often negotiate an above-market price for it.