91020, Montrose, CA

The Montrose, CA 91020 zip code has a population of approximately 21,000 people. The median household income in the 91020 zip code is $92,500. The median home value in the 91020 zip code is $1,075,000.

There has been a significant increase in home equity and home prices in the Montrose, CA 91020 zip code over the past few years. In March of 2016, the median home value was $1,060,000. This increased to $1,175,000 by December of 2017. This represents an increase of 27%.

One reason for this increase may be that there are more affluent residents living in the Montrose area. Additionally, there has been an influx of new housing developments that have brought more affluent residents into the area. These new residents may be contributing to the increase in home values because they are willing to pay more for homes than previous residents were willing to pay.

Another factor that may be contributing to this increase is low interest rates. Low interest rates make it easier for people to borrow money and buy homes. This increases demand for homes and drives up prices.

Overall, it appears that there is a trend of increasing home values and equity in the Montrose area over time. This trend could continue if current trends continue or if new development brings even more affluent residents into the area who are also willing to invest in property values