90037, Los Angeles, CA

Home Equity and Home Prices in the 90037 Zip Code of Los Angeles, CA

The 90037 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 90037 zip code also has a higher than average percentage of homes with a mortgage at 97%. This indicates that homeowners in this zip code are more likely to have access to a loan to purchase their home than homeowners in other parts of California.

The average price per square foot for homes in the 90037 zip code is $269 which is above the statewide average price per square foot of $236. The percentage of homes sold for over asking price is also high in this zip code at 21%. This indicates that there are many buyers who are willing to pay more for a home than what it is currently listed for.

There are several factors that may contribute to the high prices and high percentage of homes sold over asking price in the 90037 zip code including:

-The high number of homeowners with access to a mortgage

-High demand from buyers due to low inventory levels

-Low interest rates