90028, Los Angeles, CA

The 90028 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $234,000. The 90028 zip code is one of the most expensive zip codes in Los Angeles and has seen an increase in home values over the past few years. In fact, according to Zillow, the 90028 zip code has seen the largest increase in home values among all zip codes in Los Angeles since 2016.

There are several reasons why home values have increased in the 90028 zip code over the past few years. First, there is a high demand for housing in Los Angeles due to its booming economy and population growth. Second, many homeowners who have been living in their homes for many years may be able to sell their homes at a higher price than they originally paid for them due to increased appreciation rates. Finally, there is limited supply of housing available within the 90028 zip code which has led to increased prices.

Despite these positive factors, there are also some risks associated with increasing home values over time. For example, if interest rates rise or if there is a sudden decrease in demand for housing within the 90028 zip code, then prices could fall back down again. Additionally, if there is an earthquake or other major natural disaster that affects nearby areas (such as Santa Monica), then prices could also go down because more people would want to sell their homes due to fear of displacement. However, overall it appears that home values have continued to increase steadily in the 90028 zip code over recent years and this trend looks likely to continue into 2020 and beyond.