Zip Code:

90744, Wilmington, CA

90744 is a California Zip code within the city of Wilmington and the county of Los Angeles County. Its population is roughly 56,880.

The Real Estate Market in the 90744 Zip Code of Wilmington, CA

Wilmington, California is located in the San Francisco Bay Area and has a population of over 150,000. The 90744 zip code has a median home value of $527,500 and a median household income of $113,857. Home equity is important to many people in the area because it allows them to use their home as collateral for loans or to invest in other assets.

The average rate on a 30-year fixed-rate mortgage in the 90744 zip code was 4.24% in December 2017. This means that if you wanted to borrow $200,000 at 4.24%, you would need to pay back $220,424 over the course of 30 years. The interest rates on adjustable-rate mortgages were also high in the 90744 zip code during December 2017 - 5.19% for 15-year loans and 5.99% for 3-year loans. These rates are higher than the national average but still affordable when compared with other areas in California or nationwide.

Despite being expensive compared to some other areas, Wilmington's home prices have been increasing rapidly over the past few years due to strong demand from buyers and limited supply of homes available for sale. In March 2018, there were 2 homes available for sale in Wilmington and according to Zillow's latest data (as of September 2018), the median home value was $531,500 which is up 6% from March 2018 and up 34% from September 2017! This indicates that there is strong demand for homes in Wilmington despite high prices overall.

Price Index: Los Angeles-Long Beach-Glendale, CA (MSAD)

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