90038, Los Angeles, CA

The 90038 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $187,500. The 90038 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 2014, the median home value was $505,000 and in 2015 it increased to $527,000. This trend is likely to continue as more people are moving into the 90038 zip code and buying homes.

There are many reasons why home values have increased in the 90038 zip code. First, there is a high demand for housing in Los Angeles due to its popularity as a city. Second, there is a low supply of housing which has led to an increase in prices. Third, the economy has been strong over the past few years which has led to an increase in wages and salaries which can be used to purchase a home. Fourth, there are many wealthy people living in the 90038 zip code who can afford to buy homes at high prices. Finally, developers are building more homes in the 90038 zip code which will also lead to an increase in prices.