90604, Whittier, CA

The 90604 zip code of Whittier, CA has a median home value of $228,500. This is a decrease from the previous year when the median home value was $236,000. The percentage of homes in this zip code that are valued at over $300,000 has also decreased from 9% to 7%.

One factor that could be contributing to these decreases in home values may be the current market conditions. In recent years there have been several economic downturns which could lead to people selling their homes for less than they originally paid because they no longer feel confident about their future prospects. Additionally, interest rates have been on the rise which may make it more difficult for people to get approved for a loan and purchase a home.

Despite these challenges, there are still many homeowners in the 90604 zip code who are benefiting from rising home prices. Many people who live in this area have invested in their homes over time and seen their property values increase significantly. Additionally, Whittier is located within close proximity to Los Angeles which means that there is always demand for housing stock here.

Overall, it appears that while the market conditions are challenging right now there is potential for homeownership rates and home values to rebound in the future if things improve.