Loading Content...
Average Home Values and Ownership in Zip Code 90810: A Decade of Growth in Carson, California
CATEGORY
Property Value
DATA
Percent Owner Occupied
Housing Prices
Median Rent
Population
Loading Content...
Property Value
Percent Owner Occupied
Housing Prices
Median Rent
Population
The zip code 90810, located in Carson, California, has experienced notable shifts in homeownership rates and property values over the past decade. This area has seen a generally stable homeownership rate, with slight fluctuations, while average home prices have shown significant growth.
From 2013 to 2022, the homeownership rate in zip code 90810 remained relatively steady, ranging between 56% and 58%. Despite this stability, average home prices in the area have seen substantial increases. In 2013, the average home price was $263,113, which grew to $655,443 by 2022, representing a 149% increase over this period.
The relationship between federal interest rates and homeownership rates in this zip code shows some interesting patterns. From 2013 to 2016, when interest rates were extremely low (ranging from 0.11% to 0.4%), homeownership rates remained stable at around 57%. As interest rates began to rise more significantly from 2017 (1%) to 2019 (2.16%), homeownership rates showed a slight decrease, dropping to 56% by 2019. However, when interest rates dropped again in 2020 and 2021 (to 0.38% and 0.08% respectively), homeownership rates increased slightly to 58% by 2022.
Regarding rental trends, the percentage of renters in zip code 90810 has remained relatively stable, fluctuating between 42% and 44% from 2013 to 2022. Average rent prices, however, have shown a steady increase. In 2013, the average rent was $1,307, which rose to $1,432 by 2022, an increase of about 9.6%. The population in this zip code has fluctuated over the years, from 36,402 in 2013 to 37,470 in 2022, which may have influenced rental demand and prices.
Looking at the most recent data, the average home price in zip code 90810 reached $665,625 in 2023 and further increased to $700,297 in 2024. This represents a 6.8% increase from 2022 to 2024. Concurrently, federal interest rates have risen significantly, reaching 5.02% in 2023 and 5.33% in 2024, which may impact future homeownership trends in the area.
Applying predictive models to forecast 5-year trends, we can expect average home prices in zip code 90810 to continue their upward trajectory, potentially reaching around $850,000 by 2029. Average rent prices are also likely to increase, possibly surpassing $1,600 per month within the same timeframe.
In summary, zip code 90810 has demonstrated resilience in homeownership rates despite significant increases in average home prices. The area has seen substantial property value appreciation, with home prices more than doubling over a decade. Rental prices have also shown steady growth, albeit at a slower pace than home values. The interplay between interest rates, homeownership, and property values in this zip code reflects broader economic trends and local market dynamics, suggesting a robust and evolving real estate landscape in Carson, California.
