91208, Glendale, CA

The Glendale zip code, 91208, has a population of around 210,000 people. The median household income in this zip code is $92,000. Home prices in this zip code have increased significantly over the past few years, reaching an all-time high of $527,500 in December 2017. This increase in home prices has led to a significant increase in home equity for residents of the Glendale zip code. As of September 2018, the average home equity balance in this zip code was $291,500.

One reason for the increase in home prices and home equity values is that there are a lot of homes available for sale in the Glendale zip code. In addition, many homeowners who have been living in their homes for a long time may be able to afford to sell their homes at higher prices than they would be able to if they were buying them back at market value. Additionally, there is strong demand for housing stock in the Glendale zip code due to its proximity to major cities such as Los Angeles and Pasadena.

Despite these positive factors contributing to increased home values and home equity levels within the Glendale zip code, there are also some risks associated with buying or selling a house that should be considered by potential homeowners or sellers. For example, if interest rates rise significantly from their current low levels (which is likely), then homeowners who have high levels of mortgage debt may find it difficult to keep up with payments even if their house values continue to rise. Additionally, although it is generally safe to assume that property values will continue increasing over time (unless there are major unforeseen events), there is always the possibility that prices could decline suddenly due to economic factors outside of anyone’s control (such as an outbreak of violence or natural disaster).