90755, Signal Hill, CA

The Signal Hill zip code 90755 has a population of about 10,000 people and an average home value of $1.5 million. This is a very wealthy area, with an average income of over $200,000. The home equity in this zip code is very high, with almost 80% of households having at least some equity in their homes. This means that most people in this area are able to borrow against the value of their homes to cover some or all of their expenses.

The reason for the high home equity in this zip code is likely due to the fact that it is a very expensive area to live in. The median household income here is over $200,000, which is much higher than the national median income of $53,046. Additionally, the cost of living here is high - the average monthly rent for a two-bedroom apartment is over $2,100 and the cost of groceries and utilities are also quite high. Because so many people in this area have such strong financial security, they are able to borrow against their homes to cover large portions of their expenses.