90280, South Gate, CA

The home equity and home prices in the 90280 zip code of South Gate, CA are very high. The median home value in this zip code is $527,000, which is more than double the statewide median home value of $177,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is significantly higher than the statewide percentage of homes that are worth more than $1 million. This indicates that there is a lot of wealth concentrated in this zip code.

One reason for the high home values and percentage of homes that are worth more than $1 million in this zip code is likely due to the presence of many affluent families. Many wealthy families choose to live in South Gate because it has a good school system and it is close to major shopping malls and businesses. Additionally, South Gate has a strong economy with a high rate of employment. This means that there are plenty of jobs available for people who want them and they can afford to buy a house here.

Despite the high home values and percentage of homes that are worth more than $1 million, not everyone in this zip code enjoys these benefits. There are also many low-income families living here, which means that housing affordability is an issue for many people in this area. In addition, traffic congestion can be a problem for people who live in South Gate because it is located near several major highways.