The housing market in 90715 Lakewood, California is doing quite well. The median value of homes in the area currently stands at $677,400, which is almost double the median value of homes across the United States, which is $338,100. Furthermore, while the US housing market has seen a 1 year appreciation rate of 8.27%, homes in Lakewood have appreciated by 5.55%, indicating that growth in this area is slightly slower than the national average. This is still good news for those looking to purchase a home in this popular neighborhood and shows that there are plenty of investment opportunities available.
The median home cost in Lakewood (zip 90715) is $677,400. Home appreciation the last 10 years has been 115.7%. Home Appreciation in Lakewood (zip 90715) is up 14.3%.
Average Age of Homes
- The median age of Lakewood (zip 90715) real estate is 51 years old
The Rental Market in Lakewood (zip 90715)
- Renters make up 44.7% of the Lakewood (zip 90715) population
- 0.4% of houses and apartments in Lakewood (zip 90715), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.