91731, El Monte, CA

Home Equity and Home Prices in the 91731 Zip Code of El Monte, CA

The home equity and home prices in the 91731 zip code of El Monte, CA are very high. The median home value in this zip code is $253,000, which is more than double the statewide median home value of $116,000. Additionally, the percentage of homes that are worth more than their original purchase price is also very high in this zip code. For example, approximately 84% of homes in this zip code are worth more than their original purchase price. This is much higher than the statewide average of 54%.

One reason for these high home values and high percentage of homes that are worth more than their original purchase price may be due to the presence of a number of affluent neighborhoods in this zip code. For example, neighborhoods such as Beverly Hills Park and Monterey Hills Park are both located within this zip code and have a median home value that is well above the statewide median home value. Additionally, many other affluent neighborhoods such as Mission Hills and La Puente can also be found within close proximity to this zip code. These affluent neighborhoods may contribute to the high percentage of homes that are worth more than their original purchase price by attracting buyers who want to live in areas with high incomes and plenty of amenities.