90706, Bellflower, CA

Bellflower, CA is located in Los Angeles County and has a population of over 100,000. The 90706 zip code has a median home value of $269,000 and a median household income of $60,000. The percentage of households earning over $200,000 is below the countywide average but above the national average.

The Bellflower market is still recovering from the housing crisis that began in 2007. Since then there has been an increase in home prices and home equity for homeowners in the area. In 2016 there were 1,811 single family homes sold in Bellflower which accounted for 73% of all sales in the zip code. This represented an increase from 1,527 homes sold in 2015 and 1,362 homes sold in 2014. Home prices have increased by an average of 9% annually since 2012 which indicates that there is still strong demand for residential property within the Bellflower market.

There are several factors that contribute to increased home values within a given area including population growth, low interest rates, limited supply of properties available for purchase and proximity to desirable amenities such as schools and shopping centers. In addition to these general market conditions specific factors can also impact home values such as whether or not a neighborhood is undergoing gentrification or if it has recently undergone construction projects that have increased its desirability among buyers.