90248, Gardena, CA

The 90248 zip code of Gardena, CA has a median home value of $527,000 and a median home equity value of $269,000. This is significantly higher than the California statewide median home value of $217,500 and the national median home equity value of $181,200. The Gardena area has seen an increase in both home values and equity over the past several years.

One reason for this increase may be due to the strong economy in California. The state has had consistently high job growth rates over the past few years, which has led to increased demand for housing and consequently increased prices. Additionally, many homeowners in Gardena have taken advantage of low interest rates to refinance their homes or purchase new homes since the market began to recover from the Great Recession. As a result, many homeowners in Gardena have more equity in their homes than they did five or ten years ago.

However, not all homeowners in Gardena are experiencing record-breaking levels of home values and equity. There are a number of factors that can influence house prices – such as location (near major transportation hubs or schools), size (both square footage and number of bedrooms/bathrooms), condition (whether or not it needs repairs), and amenities (pools/spas etc.). While all these factors play into how much a homeowner can potentially earn on their home if they were to sell it today, some homeowners may find that their house is worth less than what they paid for it due to one or more negative factors affecting its marketability. In other words, while everyone’s individual situation will vary somewhat from neighborhood to neighborhood within any given city or town – there are generally certain areas where prices are higher than others based on various factors such as proximity to good schools or jobs; overall population density; availability of recreational amenities; etc.

Overall then, while there is no one answer as to why some neighborhoods within Gardena are seeing faster appreciation rates than others at this point in time – it seems likely that both local economic conditions (such as job growth) and individual homeowner decisions (such as whether or not to take advantage of low interest rates) have played a role over the past several years.