91791, West Covina, CA

The 91791 zip code of West Covina, CA has a population of over 213,000 people and a median home value of $269,000. The average home value in the 91791 zip code has increased by 5.5% since 2013 and is projected to increase by an additional 7.4% by 2020. The median home value in the 91791 zip code is higher than the California statewide median home value of $247,500 and higher than the national median home value of $177,200.

The high demand for housing in the 91791 zip code has led to an increase in home equity values. In 2013, the average home equity in the 91791 zip code was $146,000. By 2020, this figure is projected to be $167,000. This increase in home equity can be attributed to several factors including strong economic growth rates and low interest rates. Additionally, there are a limited number of homes available for sale in the 91791 zip code which has driven up prices.

Despite these positive trends, there are some challenges facing homeowners in the 91791 zip code. One issue is that there are a limited number of homes available for purchase which can lead to bidding wars and high prices. Additionally, many homeowners may not be able to afford to pay off their mortgages completely due to rising interest rates or other expenses associated with owning a house. Despite these challenges, homeownership remains one of the best investments possible and continues to be one of the most popular forms of property ownership across America