90220, Compton, CA

The 90220 zip code of Compton, CA has a population of over one million people and is home to many large corporations. The median home value in the 90220 zip code is $215,000, which is lower than the California median home value of $478,500. The average home equity in the 90220 zip code is $118,000, which is lower than the California average home equity of $165,200.

There are many factors that contribute to the low home equity in the 90220 zip code. One reason is that there are a lot of homes that are worth less than their mortgages. Another reason is that there are a lot of homes that have been foreclosed on and are no longer owned by their original owners. Finally, there are a lot of homes that have been bought at auction because they were underwater on their mortgages.

Despite these factors, there has been an increase in home values in the 90220 zip code over the past few years. This may be due to increasing demand for housing or it may be due to low interest rates. Whatever the reason may be, it seems like homeownership rates in this area are slowly increasing andhome equity levels will likely continue to rise over time