90016, Los Angeles, CA

Home Equity and Home Prices in the 90016 Zip Code of Los Angeles, CA

The 90016 zip code of Los Angeles, CA has a median home value of $527,000. This is a decrease from the median home value of $540,000 in 2007. The percentage decrease in home values is due to the market crash that took place during the Great Recession.

The average sale price for homes within the 90016 zip code was $548,500 in 2017. This is an increase from the average sale price of $515,000 in 2016. The increase in sale prices can be attributed to an influx of new residents and investors into the area as well as low interest rates.

There are currently 101 homes for sale within the 90016 zip code. This number is down from 131 homes for sale at this time last year. The number of homes available for purchase has remained relatively stable over this time period while sales have increased by 5%.

It should be noted that there are a few exceptions to these trends; namely single family detached homes which have seen a slight decrease in sales prices and townhomes which have seen an increase in sales prices over this time period (3%).