The median home value in ZIP Code 90048 (Los Angeles, CA) is $1,229,900. Approximately 30.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.
The average occupancy of owner-occupied units in ZIP Code 90048 is 2.00 occupants, while owner-occupied units have an aggregate average size of 1.93 bedrooms per housing unit.
In the 90048 ZIP Code, an estimated 69.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 6.9%.
Among renter-occupied units in this ZIP, the average occupancy is 1.74 occupants, while renters in this Los Angeles County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 90048.
| ZIP 90048 | California | U.S. | |
|---|---|---|---|
| Median Home Value | $1,229,900 | $809,227 | $356,002 |
| Owner-Occupied Housing Units | 30.2% | 54.8% | 64.0% |
| Homeowner Vacancy Rate | 0.0% | 1.1% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.00 | 3.01 | 2.70 |
| Average # of Bedrooms Per Unit | 1.93 | 2.63 | 2.75 |
| Median Housing Rent | $0 | $1,503 | $1,062 |
| Renter-Occupied Housing Units | 69.8% | 45.2% | 36.0% |
| Rental Vacancy Rate | 6.9% | 3.6% | 6.0% |
| Average Size of Renter-Occupied Unit | 1.74 | 2.88 | 2.49 |
| Percent of Income Spent on Rent | 0% | 31.23% | 29.83% |
The median home value in ZIP Code 90048 is $1,229,900. That median value is about 144% higher than the median home value of $505,000 in California overall, and is 465% higher than the $217,500 the median home value in the entire U.S. Approximately 60.6% of homes in ZIP Code 90048 are valued $1,000,000 or more. That is 299% higher than in the state of California, in which 15.2% of homes are valued at $1,000,000 or more, and is about 1682% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 90048 homes fall into is $50,000 to $99,999 (0.0% of homes).
This chart visualizes the breakdown of home values in ZIP Code 90048, California, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 90048.
| Home Value | ZIP 90048 | California | U.S. |
|---|---|---|---|
| Less than $50,000 | 1.3% | 2.8% | 6.9% |
| $50,000 to $99,999 | 0.0% | 2.3% | 12.0% |
| $100,000 to $149,999 | 1.4% | 2.7% | 13.3% |
| $150,000 to $199,999 | 0.3% | 4.0% | 14.0% |
| $200,000 to $299,999 | 3.0% | 11.1% | 19.6% |
| $300,000 to $499,999 | 7.4% | 26.8% | 19.3% |
| $500,000 to $999,999 | 26.0% | 35.3% | 11.4% |
| $1,000,000 or more | 60.6% | 15.2% | 3.4% |
Approximately 31.1% of homes in this Los Angeles, CA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 90048 is about 242% higher than percentage of homes built in this time period in California overall (9.1% of homes), and is 147% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 19.5% of local homes were built in 1970 to 1979. On the other end of the scale, just 1.5% of homes in this Los Angeles County ZIP Code were built in 2010 to 2013 in ZIP Code 90048. In comparison, 1.7% of homes in California overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 90048.
| Year Built | ZIP 90048 | California | U.S. |
|---|---|---|---|
| 2014 or later | 1.7% | 1.7% | 2.5% |
| 2010 to 2013 | 1.5% | 1.7% | 2.7% |
| 2000 to 2009 | 4.3% | 11.2% | 14.0% |
| 1990 to 1999 | 3.7% | 10.9% | 13.9% |
| 1980 to 1989 | 9.0% | 15.0% | 13.4% |
| 1970 to 1979 | 19.5% | 17.6% | 15.2% |
| 1960 to 1969 | 11.9% | 13.4% | 10.6% |
| 1950 to 1959 | 10.6% | 13.4% | 10.3% |
| 1940 to 1949 | 6.7% | 5.9% | 4.9% |
| 1939 or earlier | 31.1% | 9.1% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 90048, California, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Los Angeles, CA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 90048.
