ZIP Code 90245

In ZIP code 90245, near Los Angeles, the median home value of $1,587,500 stands far above what a median household income of $150,737 could finance outright, so ownership here leans heavily on existing equity or substantial down payments. The county's 0.68% effective property tax rate works out to roughly $10,795 annually on that median value — a real cost, though the rate itself stays below many parts of California. With per-capita income at $81,385 and a combined sales tax of 10.50%, buyers weigh a steep purchase price against carrying costs that, while significant, don't escalate as sharply as the sticker price might imply.