90008, Los Angeles, CA

Home Equity and Home Prices in the 90008 Zip Code of Los Angeles, CA

The 90008 zip code of Los Angeles, CA has a median home value of $471,000 and a median home equity value of $236,000. These values are significantly higher than the national median home value of $161,500 and the national median home equity value of $181,200. The 90008 zip code is also among the top 10 zip codes in California with the highest home values.

There are several factors that contribute to the high home values in the 90008 zip code of Los Angeles. First, there is a high demand for housing in this area due to its proximity to some of LA's most popular attractions (e.g., Hollywood Hills, Beverly Hills). Second, many homeowners in this zip code have invested heavily in their homes over time by upgrading features (e.g., adding bathrooms or bedrooms) or purchasing adjacent property which has subsequently increased their home's value. Finally, there is a limited supply of homes available for purchase within this zip code which has driven up prices considerably.