96122, Portola, CA

Home Equity and Home Prices in the 96122 Zip Code of Portola, CA

The 96122 zip code of Portola, CA has a median home value of $269,000. This is a decrease from the previous year when the median home value was $291,000. The reason for this decrease may be due to the current market conditions where there are more sellers than buyers. Additionally, some homeowners may have decided to downsize or sell their homes in order to purchase a more affordable property.

Despite these decreases in home values, there are still many homeowners who are benefiting from the current market conditions. For example, those who purchased their homes within the last three years have seen an increase in their home equity as their homes have increased in value by an average of 18%. Furthermore, those who purchased their homes over five years ago have seen an increase in their home equity by an average of 30%.

Overall, it is evident that homeownership rates remain high throughout much of California and that those who own homes continue to see positive returns on their investments.