Home Values

90638 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$472,400

  • 7.2% 1-year change
  • 4.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 90638 is $472,400. 90638 home values have gone up 7.2% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in 90638 is $322, which is lower than the La Mirada average of $322. The median price of homes currently listed in 90638 is $459,900 while the median price of homes that sold is $448,750. The median rent price in 90638 is $2,295, which is the same as the La Mirada median of $2,295.

Foreclosures will be a factor impacting home values in the next several years. In 90638 2.6 homes are foreclosed (per 10,000). This is greater than the La Mirada value of 2.4 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 90638 is 6.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 90638 homeowners underwater on their mortgage is 8.2%, which is the same as La Mirada at 8.2%.

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Relative ZHVI
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90638 Market Overview

Data through Aug 31, 2014
  • $472,400 ZHVI
  • 4.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $459,900 Median listing price
  • $448,750 Median sale price
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90638 Market Health

Data through Aug 31, 2014
  • 7.6/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 8.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes 90638
2.4 homes La Mirada
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI
90623 $644,000
90703 $642,400
90603 $489,400
Name Median ZHVI
92833 $483,300
90621 $465,100
90620 $463,200
Name Median ZHVI
90604 $442,700
90605 $411,300
90670 $396,700

Listings & Sales

Data through Aug 31, 2014
  • $322 Median list price / sq ft
  • $321 Median sale price / sq ft
  • 30.6% Listings with price cut
11.1%
Sold below listing
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90638 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,279 90638
    $2,279 La Mirada
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,295 Rent list price
  • $1.66 Rent list price / sq ft
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