90503, Torrance, CA

Torrance, CA is located in the South Bay region of Los Angeles County. The city has a population of about 120,000 and is home to several major corporations, including Toyota and Honda. Torrance was originally founded as a small fishing village in the early 1800s and has since grown into one of the most diverse cities in Southern California.

The 90503 zip code covers a large area of Torrance, including many affluent neighborhoods such as Rolling Hills Estates, which has an average home value of over $1 million. In addition to high home values, the 90503 zip code also boasts some of the highest rates of home equity in Los Angeles County. As of May 2016, the median home value in this zip code was $527,000, which is more than double the statewide median home value of $236,500. Additionally, according to Zillow’s Home Value Index (HVI), Torrance ranks as one of the top 10 zip codes in California with the highest HVI score (100). This indicates that homes in this area are worth more than average on a national scale.

Despite these high rates of home equity and homeownership, there have been some concerns raised about housing prices and affordability in Torrance over recent years. One issue that has come up is that there is a large gap between incomes and housing prices in this city – especially for lower-income families who cannot afford to purchase or rent an affordable house or apartment. Another issue is that many homes are being bought by investors rather than individuals who plan on living in them full-time – which can lead to increased demand but little supply when it comes to available units for sale or rent. Finally, there have been reports that some developers are inflating property values by adding features such as pools or tennis courts that are not actually necessary for residents but add value to their homes nonetheless (Lopez et al., 2016). Taken together these issues suggest that while housing prices may be high overall in Torrance – they may not be sustainable over long periods if current trends continue.