90029, Los Angeles, CA

The 90029 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $247,000. These values are significantly higher than the statewide median home value of $192,500 and statewide median home equity value of $217,500. The 90029 zip code is also significantly higher than the national median home value of $181,200 and national median home equity value of $201,700.

There are several factors that contribute to the high values in the 90029 zip code. First and foremost is the large number of affluent residents in this area. Second is the high demand for housing in Los Angeles due to its status as one of the most popular cities in America. Third is the low rate of foreclosure activity in this area which has kept prices stable over time. Finally, there is a strong market for luxury homes in this area which has helped to drive up prices even further.

Despite these high values, there are still many opportunities available for buyers who are looking to purchase a house in this area. The average list price for homes in the 90029 zip code is currently below its peak level which indicates that there is still room for growth within this market segment. Additionally, there are a number of affordable options available on the market which should appeal to buyers on a budget as well as those who want more space than what typically comes standard with traditional single-family homes.