90059, Los Angeles, CA

Home Equity and Home Prices in the 90059 Zip Code of Los Angeles, CA

The 90059 zip code of Los Angeles, CA has a median home value of $1,039,000. This is significantly higher than the statewide median home value of $478,500. The 90059 zip code also has a high home equity rate of 83%. This means that homeowners in this zip code have a significant amount of equity in their homes.

This high level of equity is likely due to the strong economy and low unemployment rates in the 90059 zip code. Additionally, many homeowners in this zip code are able to leverage their home equity by taking out mortgages or using other forms of financing. This allows them to purchase larger homes or invest in other assets with minimal risk.

Overall, the high level of home equity and home prices in the 90059 zip code indicates that there is a lot of demand for housing here. It also suggests that there are plenty of homeowners who are able to afford to buy or rent homes at high prices.