90404, Santa Monica, CA

The Santa Monica, CA zip code 90404 has a population of about 134,000 people. The median household income in this zip code is about $105,000. Home prices in this zip code have increased significantly over the past few years. In March of 2016, the median home price was $1,099,000. This year as of September 2017 the median home price is now $1,328,500.

There are a number of reasons why home prices in Santa Monica have increased so much over the past few years. One reason is that there has been an increase in demand for homes in this area due to an influx of new residents and businesses moving into the area. Another reason is that there has been an increase in interest rates over the past few years which makes buying a home more affordable. Finally, there has been an increase in the amount of money that people are able to borrow to purchase a home which also contributes to rising home prices.