90275, Rancho Palos Verdes, CA

Rancho Palos Verdes is a well-to-do community located in the Los Angeles metropolitan area. The zip code 90275 has a population of about 36,000 and an average household income of over $200,000. Home prices in this zip code are among the highest in the country.

The average home price in Rancho Palos Verdes was $1,085,000 as of March 2017. This is more than double the national average home price of $467,500 and more than triple the California average home price of $398,500. The median home value in Rancho Palos Verdes is also much higher than both the statewide and national median values.

The high prices in Rancho Palos Verdes are likely due to several factors. First, this is a wealthy community with a high rate of homeownership. Second, there is a limited supply of homes available for sale compared to other areas of Los Angeles County. Third, many homes in Rancho Palos Verdes were built between 1990 and 2000, which are considered to be some of the most valuable years to purchase a home because they were during the height of the housing market bubble. Finally, many homes in Rancho Palos Verdes are situated on large lots that provide plenty of space for potential buyers to build their dream home.