95823, Sacramento, CA

Home Equity and Home Prices in the 95823 Zip Code of Sacramento, CA

The home equity and home prices in the 95823 zip code of Sacramento, CA are very high. The median home value in this zip code is $527,000, which is more than double the national median home value of $177,500. The average home value in this zip code is also much higher than the statewide average of $269,900. This indicates that there are a lot of homes in this zip code that are worth a lot more than what most people would consider to be a normal price for a house.

One reason why the homes in this zip code are so valuable is because there is a high concentration of wealthy residents here. According to Forbes magazine, approximately one-third of all households in this zip code have incomes over $200,000 per year. This means that there are a lot of people who can afford to buy or lease a property here and pay top dollar for it. Additionally, many people who live in this area commute to work downtown or at some of the major universities located nearby. Therefore, they are likely to be able to afford even higher prices for homes if they want them.

Despite these high values, it's important to keep in mind that not everyone can afford to live in an area like this. If you're not able to make enough money to support yourself financially or if you don't have any income at all outside your regular job income, you may not be able to afford a house anywhere near as expensive as those found here in the 95823 zip code.