90803, Long Beach, CA

The 90803 zip code of Long Beach, CA has a median home value of $269,000 and a median home equity value of $146,000. The 90803 zip code is one of the most expensive zip codes in California. The average home price in the 90803 zip code has increased by over 20% since 2007. In addition, the average home equity value in the 90803 zip code has increased by over 50% since 2007.

The reason for this increase in home values is likely due to several factors including an improving economy, low interest rates, and increasing demand from buyers. Additionally, there are a limited number of homes available for sale in the 90803 zip code which has led to higher prices. Furthermore, many homeowners in the 90803 zip code have been able to refinance their homes which has helped them to increase their equity values even further.

Despite these positive trends, there are some risks associated with buying or owning a home in the 90803 zip code. For example, if interest rates rise then prices could decrease and vice versa. Additionally, if there is a housing market crash then prices could fall significantly which would impact homeowners' equity values negatively. However overall it appears that the long-term trend for home values in the 90803 zip code is positive and investors should consider this area when looking to invest in real estate