91104, Pasadena, CA

The 91104 zip code of Pasadena, CA has a median home value of $527,000 and a median home equity value of $269,000. The average home price in the zip code has increased by 10.8% over the past year and has increased by 20.7% over the past five years. The average home equity value in this zip code is higher than the California statewide average of $236,500 and is higher than the national average of $179,200.

There are a number of factors that have contributed to the increase in home values in this zip code. The most significant factor is likely population growth; according to Census data from 2016, Pasadena had an estimated population growth rate of 2%. This growth has led to an increase in demand for housing and consequently an increase in home values. Additionally, Pasadena is located within close proximity to Los Angeles which has led to an increase in demand for housing within the city as well as throughout Ventura County. Finally, Pasadena is experiencing strong economic conditions; according to Zillow’s 2018 Home Value Index report, the city ranks #1 out of 100 cities across America with positive job growth rates and #2 out of 100 cities with low unemployment rates. These positive economic conditions are likely contributing to increases in both home values and home equity values within this zip code.