91775, San Gabriel, CA

The San Gabriel zip code of 91775 has a population of over 134,000 people and a median household income of over $110,000. Home prices in the zip code have increased by an average of 10% over the past year, which is much higher than the national average increase of just under 4%. This high home price growth has led to a large increase in home equity for residents in the zip code. As of May 2017, home equity in San Gabriel was valued at $269,000 on average, which is more than double the value recorded one year earlier.

One reason for this high level of home equity growth in San Gabriel is that many homes in the area are located in desirable neighborhoods with good schools and access to amenities like shopping and dining. Additionally, many homeowners have taken advantage of low interest rates to borrow money against their homes and invest elsewhere. While there are some risks associated with this type of housing market speculation (e.g., a potential housing market crash), overall it appears that most residents are benefiting from rising home prices and strong home equity values.