90242, Downey, CA

Downey, CA is located in the southeastern corner of Los Angeles County and has a population of over 150,000 people. The city was founded in 1905 and is known for its aerospace industry and production of television shows such as "The O.C." and "ER." Downey is also home to the world's largest collection of Rolls-Royces.

Home prices in Downey have increased significantly over the past few years, with median home prices reaching $481,000 as of February 2016. This represents a growth rate of over 20% since 2013. In addition, the city has seen an increase in home equity values as well; according to Zillow, the average home equity value in Downey reached $241,200 as of February 2016. This represents a growth rate of almost 30% since 2013.

One reason for this increase may be due to the strong economy that California has experienced over the past few years. Additionally, Downey is located close to many amenities that make it desirable for residents and businesses alike; these include shopping malls such as Westfield Century City and Fashion Show Mall as well as major transportation hubs such as LAX airport and Downtown Los Angeles.