90222, Compton, CA

The 90222 zip code of Compton, CA has a population of over one million people and is located in the southern part of Los Angeles County. The median household income in this zip code is $37,000 which is lower than the statewide median household income of $57,617. The unemployment rate in this zip code is higher than the statewide unemployment rate of 5.9%. Home prices in this zip code have decreased by 2% since last year and are currently at their lowest point since 2007.

There are a number of factors that could be contributing to the decrease in home prices in the 90222 zip code including increased competition from other areas within Los Angeles County as well as nationwide trends such as low interest rates and an increase in inventory. Another factor that could be contributing to the decrease in home prices is that many homeowners who were underwater on their mortgages have been able to refinance into more affordable loans which has led to an increase in demand for homes within this area.