91770, Rosemead, CA

Rosemead, CA is located in the San Gabriel Valley and has a population of around 101,000 people. The median home value in Rosemead is $465,000 which is about 2.5x the California median home value of $217,500. Home equity in Rosemead has been growing at a faster rate than the statewide average over the past few years and is now at its highest point since 2007.

There are several factors that have contributed to this growth in home equity in Rosemead. First, the local economy has been doing well overall and there has been an increase in demand for housing due to rising incomes and job opportunities. Second, there has been an increase in prices for homes within Rosemead itself as well as nearby communities such as Monterey Park and El Monte. Finally, many homeowners have taken advantage of low interest rates by refinancing their homes multiple times over the past few years.

While there are some risks associated with high levels of home equity (such as potential problems with debt if the market crashes), overall it appears that homeownership and home values are continuing to grow strongly in Rosemead. This trend looks likely to continue over the next few years as long term interest rates remain low and buyers continue to feel confident about buying homes here."