90292, Marina Del Rey, CA

Marina Del Rey is a coastal city located in Los Angeles County, California. The population was 39,971 at the 2010 census. Marina Del Rey is known for its luxury homes and expensive real estate prices. Home equity and home prices in Marina Del Rey are some of the highest in the country.

The median home value in Marina Del Rey was $2,191,000 in September 2017 according to Zillow. This is more than double the national median home value of $1,128,000. The average home value in Marina Del Rey has increased by almost 50% since 2009 when it was $1,527,000. In September 2017 there were 10,868 homes for sale in Marina Del Rey which accounted for 63% of all homes for sale in Los Angeles County that month.

Home equity is an important part of many people's lives and can be a source of financial stability during difficult times. Home equity can also be used to pay off debt or invest in other assets such as stocks or real estate. Home prices are one measure of how valuable a property is and can be an important factor when making decisions about whether to buy or sell a property.

There are several factors that contribute to high home values in Marina Del Rey:

-The area has a high concentration of wealthy residents who are willing to pay high prices for properties that offer exclusivity and privacy

-Marina del Rey is located close to many popular tourist destinations such as Hollywood Boulevard and Venice Beach

-The city has been designated as a "Gold Coast" by Forbes magazine which means that it has good infrastructure including schools and shopping opportunities

-The local economy has been strong overall since the recession ended in 2009 which has helped drive up prices