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La Palma city, CA

ZIP 90623 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 90623

Median Home Value
$920,200
Median Rent
$2,125
Affordability Snapshot
$253,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,911/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 90623 in La Palma city, CA, a household would need roughly $253,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,911. That is about 125% above the local median household income ($112,366), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
68.3%+4% vs US avg
x
Vacancy Rate
1.9%-82% vs US avg
x
Broadband Access
97.3%+12% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
0.3%-97% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
36.6%-26% vs US avg
x
Mortgage-Free
41.1%+7% vs US avg
x
$920,200
Home Value
$2,125
Rent
1972
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.4%
  • 1-unit attached6.8%
  • 2-9 units6.2%
  • 10+ units17.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$920,200
Median rent$2,125
Owner-occupied68.3%
Vacant1.9%
Price-to-income8.2x
Est. income to buy$253,000