90024, Los Angeles, CA

Home Equity and Home Prices in the 90024 Zip Code of Los Angeles, CA

The 90024 zip code of Los Angeles, CA has a median home value of $467,000. This is a decrease from the previous year when the median home value was $477,000. The decrease in home values can be attributed to several factors such as low interest rates and increased competition for homes.

Despite the decrease in home values, homeownership rates remain high in the 90024 zip code with over 81% of households owning their homes. This high homeownership rate is likely due to the strong economy and low interest rates which make buying a home more affordable than renting.

While there has been a decrease in home values within the 90024 zip code, it remains one of the most desirable areas to live in Los Angeles. The combination of high homeownership rates and low interest rates makes it possible for people to buy homes that are affordable while still enjoying an excellent return on investment.