96057, Mccloud, CA

The 96057 zip code of McCloud, CA has a median home value of $236,000 and a median home equity value of $128,000. This is higher than the statewide median home value of $177,500 and the national median home equity value of $146,200. The 96057 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at just 7%. This is lower than the statewide percentage of homeowners with negative equity (10%) and the national percentage (13%).

There are several factors that may contribute to these high home values in the 96057 zip code. One reason may be that McCloud is located in an affluent area. The zip code has a population density of 2,811 people per square mile which is above the California average population density of 1,971 people per square mile. Additionally, McCloud has a relatively low unemployment rate (4%) which may lead to more affluent residents purchasing homes.

Another factor that may contribute to high home values in the 96057 zip code is that there are relatively few foreclosures or short sales in this area. There were only six foreclosures or short sales recorded in this zip code during 2016 which is lower than both the statewide number (31) and national number (48). This indicates that there is strong demand for housing in this area and that potential buyers are confident in their ability to purchase a house even if it does not have perfect conditions right now.