96161, Truckee, CA

The 96161 zip code of Truckee, CA has a median home value of $527,000 and a median home equity value of $236,000. The 96161 zip code is located in the Sierra Nevada foothills and has a population of approximately 9,500 people. The 96161 zip code has a relatively low unemployment rate (4.8%) and a high median household income ($92,500).

There are several factors that contribute to the high home values in the 96161 zip code of Truckee, CA. First, the area is located in one of the most desirable parts of California with plenty of recreational opportunities nearby. Second, there is strong demand for housing due to the low unemployment rate and high median household income. Finally, there is limited supply relative to demand which drives up prices.

Despite these positive factors, there are some challenges facing homeowners in the 96161 zip code of Truckee. One issue is that interest rates are currently very low which makes it difficult for homeowners to get loans for larger purchases such as homes or cars. Additionally, there is limited inventory available which can lead to bidding wars when properties come up for sale.