90670, Santa Fe Springs, CA

The Santa Fe Springs zip code of 90670 has a population of around 101,000 people and a median household income of $75,000. Home prices in this zip code have increased significantly over the past few years, reaching an all-time high of $1.2 million in early 2018. This increase in home prices is likely due to several factors, including strong demand from buyers and limited supply of homes available for sale.

Home equity is a key factor in home prices. Homeowners who have built up significant equity in their homes are more likely to be willing to sell than those who do not have much equity. In addition, homeowners who own their homes free and clear are generally able to sell them at a higher price than those who owe any money on their mortgages.

Overall, the Santa Fe Springs zip code is experiencing strong demand for homes and high home prices. While this may be good news for some homeowners, it may not be so great for others who are struggling to afford a home or who are looking to buy their first home.