90745, Carson, CA

The Carson zip code 90745 has a population of over 116,000 people and is located in the Inland Empire region of Southern California. The median home value in this zip code is $236,500 which is significantly higher than the national median home value of $177,700. The Carson zip code also has a high rate of home equity ownership with over 60% of households owning their homes outright or with a mortgage that is less than 90% of the value of their homes. This high rate of home equity ownership is likely due to the strong economy and low interest rates in the area.

Despite having a high rate of home equity ownership, there are still many households in the Carson zip code that are struggling to afford their monthly mortgage payments. Over 25% of households in this zip code have an annual income below $50,000 which means that they would struggle to afford a mortgage payment even if they had 100% equity in their homes. This indicates that there are still many opportunities for homeownership in this area despite the high rates of home equity ownership.

Overall, it appears that homeownership rates are high in the Carson zip code due to strong economic conditions and low interest rates. However, there are still many households who cannot afford to pay their monthly mortgage payments even if they have 100% equity in their homes. This indicates that there are still opportunities for homeownership within this area and that anyone looking to buy or sell a house should do so with caution