96054, Lookout, CA

Looking at the 96054 zip code of Lookout, California, it is evident that home equity and home prices are high. The median home value in this area is $527,000, which is more than double the statewide median of $211,500. Additionally, the percentage of homes with a mortgage in this zip code is lower than the statewide average of 68%. This suggests that many people in this area are able to afford their homes without relying on a mortgage.

One reason for the high home values and low mortgage rates in this area may be due to its excellent schools. According to The Daily Review's 2018 Best High Schools rankings, Lookout Elementary School ranks first out of all elementary schools in San Bernardino County and seventh out of all 1,700+ schools nationwide. Additionally, Lookout Middle School ranks sixth out of all middle schools in San Bernardino County and eleventh out of all 1,700+ schools nationwide. These excellent school ratings may help attract families who want to live in an area with good education opportunities.

Another factor that may contribute to the high home values and low mortgage rates in the 96054 zip code of Lookout is its proximity to major cities such as Los Angeles and Riverside. These cities have a large population and are likely to continue growing over time which will increase demand for housing and drive up prices. In addition, many people who live in this area commute into these larger cities which also contributes to increased demand for housing near major transportation hubs.