90278, Redondo Beach, CA

The 90278 zip code of Redondo Beach, CA has a median home value of $1,078,000. This is significantly higher than the California statewide median home value of $478,500. The 90278 zip code also has a significantly higher than average home equity percentage of 84%. This indicates that homeowners in this zip code have a significant amount of equity in their homes.

One potential explanation for the high home equity and home prices in the 90278 zip code is that it is located in one of the most affluent areas in California. Redondo Beach is ranked as one of the top 10 wealthiest cities in America by Forbes magazine. Additionally, many residents commute to work in Los Angeles or Orange County which may contribute to the high demand for housing and resulting high prices.