90806, Long Beach, CA

The 90806 zip code of Long Beach, CA has a median home value of $269,000 and a median home equity value of $137,000. The 90806 zip code has a population of about 213,000 people and is located in the southern part of the Los Angeles metropolitan area.

There are several factors that affect home prices in the 90806 zip code. These include local economic conditions (including job growth and wage levels), interest rates, availability of homes for sale, and demographic trends (such as age and marital status).

Over the past few years, the 90806 zip code has seen strong job growth (+14% since 2012) and rising wages (+5% since 2012). This has led to increased demand for homes, which in turn has driven up home prices. In addition, there is currently a shortage of homes available for sale in the 90806 zip code. This means that buyers have plenty of choice when it comes to selecting a home to purchase.

Overall, the 90806 zip code is experiencing strong economic growth. This is likely to continue over the next few years as more jobs are created in this area and wages continue to rise. As a result, home prices are likely to increase further over this period.