90247, Gardena, CA

The 90247 zip code of Gardena, CA has a median home value of $527,000. The home equity in this zip code is $157,000. This means that the average homeowner in this zip code has a net worth of $314,000. Home prices have increased by 6% since 2007 and are projected to increase by another 5% by 2020.

There are many factors that contribute to the high home values in the 90247 zip code of Gardena, CA. One reason is that the population density is very low here which allows for more land to be sold per capita than most other areas. Additionally, there is a high demand for housing in this area because it is close to both Los Angeles and Orange County. Finally, Gardena has been experiencing strong job growth over the past few years which has led to an increase in household income.