90019, Los Angeles, CA

Home Equity and Home Prices in the 90019 Zip Code of Los Angeles, CA

The 90019 zip code of Los Angeles, CA has a median home value of $527,000. This is higher than the statewide median home value of $478,500. The 90019 zip code also has a higher percentage of homes with a mortgage than the statewide average. This may be due to the high demand for housing in this area or because more affluent residents are more likely to have mortgages.

There is a significant difference in home equity between different racial groups in the 90019 zip code. White households have a median home equity of $482,000 while Latino households have only a median home equity of $236,000. This indicates that Latino households are less able to access or save up money for homeownership than white households.

Despite these disparities, there has been an increase in homeownership rates over time in the 90019 zip code. In 1990, only 54% of homes were owner-occupied while today that number is at 66%. This suggests that despite economic challenges faced by many families today, there is still opportunity for homeownership within this area.