90047 Real Estate
Offering a more affordable option for living in the Los Angeles area, the 90047 area consists of a mix of houses, condos and renter-occupied apartments to choose from. Due to the lower cost of housing the 90047 zip code has to offer, it is a great option for those who are looking for a starter home or an affordable option that remains near to Los Angeles and all the city has to offer.
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90047 Homes For Sale in Chesterfield Square Manchester Square Harvard Park Gramercy Park
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Although homes within the 90047 zip code were sold at prices hovering around $475,000 during the height of the housing market, prices have since plummeted to a median cost of around $250,000. Although the area’s housing market is slowly recovering and prices are growing, homes can still be purchased within the 90047 zip code for less than $200,000. Over the next few years, however, these prices are expected to continue to rise. Therefore, if you wish to take advantage of the low housing prices that the 90047 zip code has to offer, now is the time to make a purchase.
90047 residents tend to come from a variety of different backgrounds, though most residents are on the younger side. Most males in the neighborhood tend to be in their late 20’s and early 30’s, while most females are in their mid-30’s. Most residents of this densely-populated area are single, with the majority of residents being African-American. While approximately one-third of the residents do not hold a high school diploma, most residents have a high school diploma or a college degree.
Due to the lower housing costs, the 90047 zip code tends to attract lower-income individuals. Nearly half of the zip code’s residents earn less than $30,000 per year, while around 40% earn between $30,000 and $74,999. The remaining residents earn more than $75,000 per year.
While housing options within the 90047 area code are quite varied in style and size, the average home offers around 1,500 square feet of living space. Although the homes within the zip code do not offer much in the way of green space and amenities, there are numerous nearby attractions for residents to enjoy. Not only is the Chester Washington Golf Course located within the 90047 area code, but the area is also home to the Jesse Owens County Park, the Harvard Playground and the Saint Andrews Recreation Center. With the downtown Los Angeles area only about 30 minutes away, residents also enjoy easy access to the numerous shops, restaurants, cultural attractions and nightlife opportunities the city has to offer.
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