90048, Los Angeles, CA

The 90048 zip code of Los Angeles, CA has a median home value of $527,000 and a median home equity value of $257,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home in this zip code has been on the market for 21 days and has received nine offers. This indicates that there is strong demand for homes in this area.

Furthermore, according to Zillow’s Home Value Index (HVI), which measures the change in median home values from one quarter to another across all U.S. ZIP codes, 90048 ranks as the eighth most valuable ZIP code in California and eleventh most valuable ZIP code in the United States. These rankings reflect both the high home values and strong demand for homes in this area.

Given these factors, it is not surprising that prices have increased significantly over the past few years in 90048. The average price increase over the past three years has been 26%. In addition, during this same time period there have been nine consecutive months where prices have increased by at least 5%. Clearly, there is strong demand for homes in this area and buyers are able to easily achieve significant gains on their investment by purchasing a home here today.