90004, Los Angeles, CA

Home Equity and Home Prices in the 90004 Zip Code of Los Angeles, CA

The 90004 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $214,000. This is higher than the statewide median home value of $471,500 and the national median home equity value of $217,600. The zip code also has a high percentage of homeowners with a mortgage at 97%.

There are many factors that contribute to the high values in this zip code. The area is affluent and has a high demand for housing. Additionally, there is strong demand for luxury homes due to the presence of major corporations such as Sony Pictures Entertainment and Walt Disney Studios. Finally, there is an abundance of amenities available in the area including shopping malls, schools, and parks.

Despite these positive factors, there are some challenges that could affect home values in this zip code in the future. For example, if interest rates increase or if more people decide to sell their homes because they are no longer happy with them or they need to downsize due to financial constraints. Additionally, if more families move into this area due to increasing economic opportunities or if new development projects are not approved by local authorities then prices could decrease.