96143, Kings Beach, CA

Kings Beach, CA is located in the 96143 zip code. The 96143 zip code has a population of approximately 10,000 people. The median household income in the 96143 zip code is $101,000. The median home value in the 96143 zip code is $367,500.

The average home equity and home prices in the 96143 zip code are both high compared to other areas of California. In fact, according to Zillow’s Home Value Index for ZIP Codes across the United States as of September 2018, Kings Beach ranks as the third most expensive ZIP Code in California (behind only Beverly Hills and San Francisco). This high level of home equity and home prices can be attributed to a number of factors, including:

1) A relatively low rate of unemployment – Kings Beach has an unemployment rate of 3.4%, which is lower than both the statewide average (4%) and Riverside County’s average (5%).

2) A strong economy – According to Moody’s Analytics, Kings Beach has had one of the strongest economies in California over the past several years. This strong economy has led to increased demand for housing stock and consequently higher home values.

3) Low levels of foreclosure activity – Foreclosure activity tends to drive down housing values because it signals that a neighborhood is not safe or desirable investment property. In Kings Beach, however, foreclosure activity has been relatively low over recent years due to strict lending guidelines put into place by banks following the 2008 financial crisis. As a result, there are comparatively fewer homes for sale that have been foreclosed on than in other areas of California.

4) High levels of immigration – According to Zillow’s 2018 National Housing Survey data, approximately 30%of households living in Kings Beach are made up primarily or entirely of immigrants (compared with 18% nationwide). This high level of immigration contributes to increased demand for housing stock and consequently higher home values.

5) Low levels of crime – Compared with many other areas throughout California, Kings Beach has a low levelof crime: accordingto FBI crime datafor 2017 ,the violent crime ratein Kings Beachis half thatof Riverside Countyand one-thirdthatof statewide California rates.(source: FBI Uniform Crime Reports 2017 )