96052, Lewiston, CA

Lewiston, CA 96052 is located in the Sacramento metropolitan area. The zip code has a population of around 103,000 people and an average home price of $269,000. Home equity in the 96052 zip code has been increasing steadily over the past few years, reaching a high of $348,000 in 2016. This trend is likely to continue as the local economy continues to improve.

There are several factors that have contributed to the increase in home equity in Lewiston. First, there is a strong economy with steady job growth and low unemployment rates. Second, there is a low level of mortgage interest rates which makes it more affordable for buyers to purchase homes. Third, there is a limited supply of homes available for sale which has driven up prices. Finally, many homeowners have taken advantage of low interest rates and refinanced their mortgages multiple times over the past few years which has increased their home equity even further.

While home equity is an important asset for many homeowners, it should not be used as an investment vehicle or relied on for long-term financial stability. Homeowners who are not comfortable with their current mortgage should consider refinancing before their home equity reaches too high a level.