96080, Red Bluff, CA

Home Equity and Home Prices in the 96080 Zip Code of Red Bluff, CA

The 96080 zip code of Red Bluff, CA has a median home value of $269,000. This is higher than the statewide median home value of $222,500. The 96080 zip code also has a higher than average percentage of homes with equity (77%). This indicates that many homeowners in this area have more equity in their homes than typical.

One reason for this may be that the 96080 zip code has a high rate of homeownership (83%). This is above the statewide average of 68%. Additionally, the 96080 zip code has a low rate of foreclosure filings (1%) which may indicate that there are fewer opportunities for people to lose their homes to foreclosure.

Overall, these factors suggest that homeowners in the 96080 zip code are more likely to have more equity in their homes and less opportunity to lose their homes to foreclosure. This could lead to increased demand for housing in this area and higher home prices.