90006, Los Angeles, CA

The 90006 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $236,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price.

In terms of home prices, the 90006 zip code is relatively stable when compared to other parts of Los Angeles. The average home value in this zip code has increased by 2% over the past year, but it has decreased by 1% over the past five years. This indicates that while there may be some fluctuations in home values within this zip code, they are generally fairly stable.

When it comes to mortgage rates, the 90006 zip code is one of the most expensive areas in Los Angeles to buy a house. The average interest rate for mortgages in this area is 4%, which is significantly higher than the average interest rate for mortgages across all ZIP codes in Los Angeles (2%). This high interest rate may be contributing to slower sales activity within this area and could lead to higher prices if not addressed.