96084, Round Mountain, CA

Round Mountain, CA 96084 is located in the Inland Empire region of Southern California. The 96084 zip code has a population of approximately 10,000 people and covers an area of approximately 2 square miles.

The median home value in the 96084 zip code is $236,000. The average home value in the 96084 zip code has increased by over 50% since 2000. In 2006, there were 1,812 homes sold in the 96084 zip code and the average sales price was $269,000. In 2016, there were 2,948 homes sold and the average sales price was $319,500. This indicates that home values have increased significantly over the past decade in this particular area of Southern California.

One factor that may contribute to this increase in home values is that Round Mountain is located within a desirable area of Southern California. Round Mountain is located within close proximity to major cities such as Riverside and San Bernardino which are both considered to be high-income areas. Additionally, Round Mountain is situated within a rural setting which may also contribute to its high home values.

Another factor that may contribute to the increase in home values in Round Mountain is low interest rates. Since 2000, interest rates have decreased significantly which has made it more affordable for people to purchase homes outright rather than taking out mortgages or using other forms of financing such as Home Equity Lines Of Credit (HELOCs). Low interest rates also make it more attractive for people to invest their money into property rather than saving it up for other purposes such as retirement or children's college tuition expenses.

Despite these positive factors contributing to increases in home values throughout Southern California, there are some potential risks associated with buying a house in this region including potential market crashes and natural disasters such as earthquakes or hurricanes which could damage or destroy homes and cause significant financial losses for homeowners .