96124, Calpine, CA

The 96124 zip code of Calpine, CA has a median home value of $269,000 and a median home equity value of $141,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price. The average home value in this zip code has increased by 9% since 2007, which is much faster than the national average increase of only 2.5%.

One reason for the rapid growth in home values in this zip code may be the high concentration of wealth here. The median household income in this zip code is $101,500, which is significantly higher than the national median income of $53,046. Additionally, there are relatively few families living below the poverty line (10% compared to 18% nationally) and a high percentage (48%) of residents have at least one college degree. These factors may contribute to higher levels of investment and spending on housing within this area.

Despite these positive trends, there are also some challenges facing homeowners in the 96124 zip code. One issue is that many homes here were built before stricter building codes were put into place limiting their potential for future growth. Additionally, while prices have been increasing rapidly over the past few years, incomes have not kept pace meaning that many homeowners are now underwater on their mortgages - meaning they owe more on their homes than they're worth - an increasingly common situation nationwide.