The 91331 ZIP code is located in Los Angeles, Calif., and is located within the larger Los Angeles-Long Beach-Anaheim metropolitan area.
Like many urban ZIP codes, it’s small in terms of territory, at just 8.85 square miles, but large in terms of population, with 102,266 residents. Also, it has 857 business establishments operating within it.
Homebuying in 91331
The median home value in this ZIP code, $311,000, is higher than the national average of $178,600.
Buyers may need to invest some “sweat equity” into their new home. A typical home here was built in 1958, compared to 1976 for the rest of the U.S.
Paying for a home in this ZIP code may not be the only challenge. Actually finding one that suits your needs (not to mention tastes) may be an issue as well.
Over the last 5 years, Census data shows that the percentage of homes for sale has been lower there than in the rest of the country, suggesting buyers may have a hard time finding what they’re looking for.
Property taxes are always something to consider when budgeting for a home purchase. The median annual property taxes in this ZIP code are $2,754 a year, according to Census figures.
Another thing to consider when budgeting? What type of mortgage rate you get. Check out rates in your area now.
What to expect when you’re renting in 91331
Those on the lookout for a rental in the area may have a tough time finding something that fits their budget. The median rent for a two-bedroom home is $1,276 a month, more than the national median of $912.
For those looking for a smaller, 1-bedroom home, the median rent in the area is $850. For larger homes with 3 bedrooms, the median cost is $1,713. One thing to note: all of these figures here are “gross rents,” a term used by the Census to include the contract rent as well as the estimated average monthly cost of utilities and fuels.
How people get around
If you don’t like driving, the area may be worth a look. Residents there are less likely to commute by car than in the rest of the country, with 87.8 percent driving to work there versus 85.9 percent in the country as a whole. Still, driving remains the most common way to get to work there, beating out biking, walking and public transit.
Regardless of how you commute, expect it to take a while if you live in this ZIP. The typical commute there is 28.5 minutes, longer than the national median of 27.4 minutes.
For parents or prospective parents, school quality is always a big issue. Parents in the 91331 ZIP code are more likely to send their children to public schools than in many other areas. The percentage of K-12 students attending private school there just is 3.2 percent, lower than the national average.
Educational attainment in this ZIP trails behind the rest of the U.S. Residents are less likely to be college educated than those elsewhere in the country, with 7.3 percent holding at least a bachelor’s degree, compared to the national average of 18.5 percent.
Demographics and income
There is a greater proportion of older people in the 91331 ZIP code than in the nation as a whole. The median age is 31.5 years old, compared to the national median of 37.6. Its residents are also more likely to be single than the national average.
People there also tend to bring in less money than in other areas. The median household income is $51,986, compared to $53,889 for the U.S. as a whole. According to the most recent Census data, unemployment averaged 13.0 percent between 2011 and 2015. That was higher than the national average of 8.3 percent.
Sources: The data referenced on this ZIP profile comes primarily from the most current 5-year averages from the American Community Survey produced by the U.S. Census. Mortgage rates are from Bankrate.com’s database.