96117, Litchfield, CA

The 96117 zip code of Litchfield, CA has a median home value of $269,000 and a median home equity value of $128,000. The 96117 zip code is located in the Inland Empire region of Southern California. The 96117 zip code has a population of about 97,000 people.

The 96117 zip code has seen an increase in home values over the past few years. Between January 1st, 2016 and January 1st, 2017 the median home value increased by 5%. Over the same period between January 1st, 2015 and January 1st, 2016 the median home value increased by 10%. This indicates that there is strong demand for homes in the 96117 zip code.

One factor that may be contributing to this demand is that there are many new developments being built in the 96117 zip code. These new developments are likely providing more options for buyers who want to purchase a home. Additionally, many people are likely purchasing homes in the 96117 zip code because they believe that prices will continue to increase over time.

Despite this strong demand for homes in the 96117 zip code, there have been some issues with housing affordability recently. For example, between July 1st and September 30th 2017 there was an increase of 8% in prices compared to the same period last year. This indicates that there is still some pressure on prices within the96 117 zipcode despite increasing values overall.

Overall it appears that homeownership rates are high within the96 117zipcode and values continue to rise even as affordability pressures persist