90003, Los Angeles, CA

The 90003 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $187,500. The average home in the 90003 zip code was built in 1978 and is approximately 1,851 square feet. Approximately 78% of homes in the 90003 zip code are owner-occupied while 22% are occupied by renters. The average commute time to work is 26 minutes.

There has been an increase in home values over the past five years in the 90003 zip code. In 2012, the median home value was $499,000 and the median home equity value was $157,500. In 2016, the median home value increased to $527,000 and the median home equity value increased to $187,500. This indicates that there has been an increase in demand for homes within this zip code and that there is potential for further growth over time.

One factor that may contribute to this increase in demand for homes within the 90003 zip code is the increasing popularity of Los Angeles as a city to live in. Los Angeles has consistently been ranked as one of the most desirable cities to live in by various publications and surveys over time. Additionally, many people are moving into Los Angeles due to its low cost of living compared to other major metropolitan areas across America. As a result of these factors combined with strong economic growth prospects for LA over time, it is likely that there will be continued increases in home values within this zip code over time.