90804, Long Beach, CA

The 90804 zip code of Long Beach, CA has a median home value of $269,000 and a median home equity value of $101,000. The 90804 zip code is one of the most expensive zip codes in California. The average home price in the 90804 zip code has increased by over 20% since 2007. In addition, the average home equity value in the 90804 zip code has increased by over 30% since 2007.

The increase in home prices and equity values can be attributed to several factors. First, the economy has been strong throughout most of the country and Long Beach has benefited from this trend. Second, there is a limited supply of homes available for sale in the 90804 zip code which has driven up prices. Third, many people who live in the 90804 zip code are wealthy enough to invest money into their homes which also drives up prices. Finally, many people who live in the 90804 zip code have been able to keep their homes for a long time which also contributes to high home values and equity values.