90057, Los Angeles, CA

Home Equity and Home Prices in the 90057 Zip Code of Los Angeles, CA

The 90057 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 90057 zip code also has a higher than average percentage of homes with equity (77%). This means that homeowners in this zip code have more money left over after paying their mortgages and other debts than homeowners in other parts of California.

The average home price in the 90057 zip code increased by 5% from 2017 to 2018. This is slower than the statewide increase of 9%. However, it is still above the national average increase of 2%.

There are several factors that may be contributing to this slower-than-average increase in home prices in the 90057 zip code. One reason could be that there are fewer new homes being built in this area compared to other parts of California. Another reason could be that there are more available homes for sale than there were a few years ago, which may lead to longer wait times for buyers and slower sales growth.

Regardless of the reasons behind it, it is clear that home prices continue to rise nationally and locally across many different markets. In light of this trend, it is important for homeowners in the 90057 zip code to stay current on their mortgage payments and make sure they have enough money saved up so they can weather any potential bumps along the way.