The 92407 zip code has a much older population than other areas in California with a median age of 29 years. It is also somewhat affluent with a median income of $49,679 per household. The 92407 zip code market is almost exclusively made up of detached homes, currently accounting for 97% overall. The top school in the zip code is Kimbark Elementary School.
Homes in the 92407 zip code are generally less expensive than others in the state with a median home value of $147,800 and an average list price of $292,309. The 92407 zip code market pulled back with an 8.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 59.0 monthly average with 57 homes sold.
Wonder which homes are generating the most buzz? Here are the most viewed listings in the 92407 zip code:
A three-bedroom detached home valued around $277,808 is considered a typical dwelling in the 92407 zip code. If a buyer was looking for a similar home, they would need good credit and a $55,562 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,379 and the property tax rate is $9.16 per $1,000 of taxable assessed value.
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