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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Los Angeles, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Los Angeles, CA Housing Market Trends

With 3,822,238 people, 1,384,851 houses or apartments, and a median cost of homes of $884,529, real estate costs in Los Angeles are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Large apartment complexes or high rise apartments are the single most common housing type in Los Angeles, accounting for 47.28% of the city's housing units. Other types of housing that are prevalent in Los Angeles include single-family detached homes ( 37.28%), duplexes, homes converted to apartments or other small apartment buildings ( 9.05%), and a few row houses and other attached homes ( 5.70%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Los Angeles primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Los Angeles has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Los Angeles's housing was primarily built during this period, from the '40s through the '60s. A full 39.74% of the city's housing hails from this era. Other housing ages represented in Los Angeles include homes built between 1970-1999 ( 30.04%) and housing constructed before 1939 ( 19.73%). There's also some housing in Los Angeles built between 2000 and later ( 10.48%).

Los Angeles Home Appreciation Rates

In the last 10 years, Los Angeles has experienced some of the highest home appreciation rates of any community in the nation. Los Angeles real estate appreciated 115.85% over the last ten years, which is an average annual home appreciation rate of 8.00%, putting Los Angeles in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Angeles definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Los Angeles appreciation rates have trailed the rest of the nation. In the last twelve months, Los Angeles's appreciation rate has been 0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Angeles were at 2.39%, which equates to an annual appreciation rate of 9.92%.

Relative to California, our data show that Los Angeles's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Los Angeles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Angeles - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Los Angeles real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$884,529

Los Angeles, CA Home Prices
> $1,338,000
$1,003,001 - $1,338,000
$669,001 - $1,003,000
$535,001 - $669,000
$401,001 - $535,000
$268,001 - $401,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
20.6%
20.6%
16.6%
16.6%
33.6%
33.6%
14.0%
14.0%
8.2%
8.2%
3.3%
3.3%
1.4%
1.4%
0.9%
0.9%
1.3%
1.3%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

1,384,851

Los Angeles Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,968 / per month

Homeownership Rate

Owners
Renters
Vacant
36.0%
36.0%
64.0%
64.0%
7.9%
7.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
30.0%
30.0%
39.7%
39.7%
19.7%
19.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.3%
37.3%
5.7%
5.7%
9.0%
9.0%
47.3%
47.3%
0.6%
0.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
11.1%
11.1%
24.1%
24.1%
30.7%
30.7%
22.3%
22.3%
8.8%
8.8%
2.9%
2.9%
0% 100.0%
% of Homes