90039, Los Angeles, CA

The 90039 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $269,000. The 90039 zip code is one of the most expensive zip codes in Los Angeles and has one of the highest home equity values in the city. This high home equity value is likely due to the high demand for housing in Los Angeles and the relatively low rate of homeownership in this area.

Home prices in 90039 have increased significantly over the past few years. In January 2006, the median home price was $295,000 and by January 2017, it had increased to $527,000. This increase in home prices is likely due to several factors including increasing demand for housing within Los Angeles as well as limited supply. Additionally, strong economic conditions throughout much of California have helped to support home values throughout the state.

Despite these positive trends, there are some risks associated with buying or owning a house in 90039. One risk is that interest rates could rise over time which would make it more difficult for buyers to afford homes or for homeowners to repay their mortgages. Additionally, there is a chance that prices could decrease over time if there are any significant economic downturns within California or elsewhere in the United States.