96120, Markleeville, CA

The 96120 zip code of Markleeville, CA has a median home value of $253,000 and a median home equity value of $236,000. The 96120 zip code is located in the Inland Empire region of Southern California.

The 96120 zip code has a population of about 8,600 people and an average household size of 2.5 people. The 96120 zip code has a percentage of homeownership (as measured by the percentage of households with at least one mortgage) that is lower than the statewide average (about 68%). However, the 96120 zip code has a higher percentage of owner-occupied housing units than the statewide average (about 63%). This indicates that there are more households in which the primary occupant is responsible for paying rent or mortgage payments than in which someone else pays those bills.

One measure that reflects how well homeowners are doing financially is home equity. Home equity refers to the difference between what an owner owes on their house and what their house is worth on the open market. Homeowners who have high levels of home equity are generally doing well financially because they can use that money to pay off other debts or invest it in other assets. In general, homes in neighborhoods with low levels of crime and good schools tend to have higher home values and higher levels of home equity.

Overall, it appears that homeownership rates in Markleeville are lower than statewide averages but there are more homeowner-occupied units compared to California as a whole. It seems likely that this discrepancy may be due to factors such as lower incomes relative to other areas within California or less access to credit due to stricter lending standards within this particular area. Regardless, it appears that homeownership rates remain high enough within Markleeville so as not to significantly impact overall prices for homes within this area