90212, Beverly Hills, CA

The 90212 zip code of Beverly Hills, CA has a median home value of $2.5 million and a median home equity of $1.4 million. These values are significantly higher than the California statewide median home value of $1.3 million and the national median home equity of $1.2 million. The high home values in the 90212 zip code are likely due to the affluent population and numerous luxury homes in the area.

The average monthly mortgage payment for a house in the 90212 zip code is $4,898, which is significantly lower than the statewide average monthly mortgage payment of $6,711 and the national average monthly mortgage payment of $6,897. This low mortgage payment may be due to low interest rates or generous loan terms offered by lenders in the area.

The homeownership rate in the 90212 zip code is 79%, which is slightly higher than the statewide homeownership rate of 76% and the national homeownership rate of 67%. This high homeownership rate may be due to strong demand for housing in Beverly Hills or favorable economic conditions that have supported household formation over recent years.