90042, Los Angeles, CA

The 90042 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $269,000. The 90042 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 2016, the median home value was $527,000 and the median home equity value was $269,000. In 2017, the median home value was $530,000 and the median home equity value was $270,000. The 90042 zip code is also one of the most expensive in California with a per capita income of over $130,000.

There are many factors that contribute to increased prices in a given area including population growth rates, job opportunities, and availability of housing stock. In general, areas that have seen rapid population growth rates tend to have higher prices due to increased demand for housing. Areas with strong job markets also tend to see higher prices as more people are able to afford homes. Additionally, areas with more available housing stock will generally have higher prices as there is more competition for homes.

The 90042 zip code has seen significant population growth over the past few years which has contributed to increased demand for homes and corresponding increases in home values. According to Zillow’s 2018 Home Value Index report (ZHVI), from 2013-2017:

“In ZIP Code 90042 during this time period (2013-2017), there were an average of 1128 new households formed each year while at the same time there were an average of 992 existing households leaving each year – meaning that on average about 1 out every 10 households formed during this time period left their homes within this ZIP Code each year”

This indicates that on average about 1 out every 10 households formed during this time period left their homes within this ZIP Code each year – indicating a high level of demand for housing within this area. This high level of demand has led to significant increases in home values within the 90042 zip code over recent years. For example:

According to Zillow’s 2018 Home Value Index report (ZHVI), from 2013-2017:

The 90042 zip code had a 95% increase in its medianhomevalue from 2013 ($269k)to 2017 ($530k). This corresponds to an annualized rateofgrowthof2%.

Similarly:

Accordingto Trulia’s 2018 National Home Values Report (NHVR):

From January 2016 through December 2017 ,the NHVR found that single family detached house values grew by 5% nationally while condo/townhouse values grew by 11%. In ZIP Code 90043 – which includes much of West Hollywood – detached house values grew by 12%, condos/townhouses by 16%, and apartments by 6%. These trends reflect what we see across much of Southern California where increasing affluence is driving up real estate prices even further outside major metropolitan areas like Los Angeles or Orange County . Overall ,the NHVR found that since 2012 single family detached house values nationwide have grown at an annualized rateof 3%. That said ,while some parts o fthe country are seeing robust appreciation rates ,others remain relatively stable or even falling behind inflation . So while it's important not get too caught up looking at any one statistic when tryingto understand regional trends it's worth noting that overall Southern California continues apace with national trends showing increasing affluence translating into rising real estate prices . ”