91423, Sherman Oaks, CA

The Sherman Oaks zip code of 91423 has a population of around 114,000 people and is located in the Los Angeles metropolitan area. The median home value in this zip code is $1,047,500 which is significantly higher than the national median home value of $181,600. This high home value may be due to the affluent demographics of this area or to the fact that many homes in Sherman Oaks are owned by celebrities or wealthy individuals.

Despite the high home values, there has been a recent trend of homeownership rates declining in Sherman Oaks. In 2000, homeownership rates were above 80% but have since fallen to around 70%. This decline may be partially attributed to stricter lending criteria imposed by banks and lenders since the 2008 financial crisis. Additionally, there has been an increase in housing prices outside of Sherman Oaks which may make it more difficult for residents to purchase a home within this zip code.