91024, Sierra Madre, CA

The Sierra Madre zip code 91024 has a median home value of $1,000,000. This is significantly higher than the California statewide median home value of $478,500. The Sierra Madre zip code also has a high concentration of wealthy homeowners. In fact, over 60% of homes in this zip code are worth over $1 million.

One reason for the high home values in this zip code is the abundance of luxury homes. Many affluent residents choose to live in Sierra Madre because it offers a high quality of life with plenty of amenities and privacy. Additionally, many wealthy individuals invest in property here because they believe that the prices will continue to rise in the future.

Despite the high home values, not everyone in this zip code can afford to purchase a home. The average household income here is just under $200,000 which means that most people must rely on other forms of financing to buy a home. Some people may be able to get help from family or friends, or they may be able to get a mortgage through a bank or other lending institution.