90305, Inglewood, CA

The 90305 zip code of Inglewood, CA has a population of over 100,000 people and is located in the Los Angeles metropolitan area. The median home value in this zip code is $527,000 which is significantly higher than the national median home value of $177,500. In addition, the percentage of homes in this zip code that are owner-occupied is significantly higher than the national percentage of owner-occupied homes at 63%. This indicates that there are a lot of people in this zip code who are able to afford to buy or rent a home.

One reason why the home values in this zip code are so high is because there are a lot of affluent residents living here. The median household income in Inglewood, CA is $130,000 which is significantly higher than the national median household income of $53,046. Additionally, the percentage of households earning over $200,000 per year is also high at 23%. This indicates that a lot of people who live in this zip code can afford to buy or rent a home even if their incomes aren't as high as some other areas.

Another factor that contributes to the high home values in Inglewood, CA are the low rates of unemployment and poverty rates. The unemployment rate here is only 4% which is much lower than the national unemployment rate which currently stands at 6%. Additionally, the poverty rate here is only 11% which compares favorably with both the national poverty rate (15%) and California's poverty rate (17%). These low rates indicate that there are not many people living in Inglewood who cannot afford to buy or rent a home.

Despite these factors contributing to high home values and homeownership rates in Inglewood, it's important to keep in mind that prices can always change and may not be sustainable over time. For example, if more affluent residents decide to move out of town or if interest rates increase then prices could drop precipitously. So while it's definitely worth investing money into buying or renting property within this zip code right now it's important not to get too attached to your current housing situation since things could change quickly