90034, Los Angeles, CA

Home Equity and Home Prices in the 90034 Zip Code of Los Angeles, CA

The home equity and home prices in the 90034 zip code of Los Angeles, CA are very high. The median home value in this zip code is $1,099,000. This is a higher median home value than any other zip code in California. The highest median home value in California is $2,153,000 located in the 90210 zip code. The 90034 zip code has a higher median home value than all but two other U.S. states - Connecticut and Massachusetts.

The high median home values are likely due to several factors including:

-The large number of affluent residents living in this zip code

-High demand for housing due to the large population density

-Low interest rates which have made mortgages more affordable

-Strong economy which has led to increased job opportunities and wages

-Low levels of unemployment which has encouraged people to buy homes