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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 3,979,576 people, 1,383,869 houses or apartments, and a median cost of homes of $743,506, 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 46.78% of the city's housing units. Other types of housing that are prevalent in Los Angeles include single-family detached homes ( 37.85%), duplexes, homes converted to apartments or other small apartment buildings ( 8.86%), and a few row houses and other attached homes ( 5.81%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

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 41.31% of the city's housing hails from this era. Other housing ages represented in Los Angeles include homes built between 1970-1999 ( 29.67%) and housing constructed before 1939 ( 20.26%). There's also some housing in Los Angeles built between 2000 and later ( 8.76%).

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 114.72% over the last ten years, which is an average annual home appreciation rate of 7.94%, putting Los Angeles in the top 10% 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 7.77%, 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 3.19%, which equates to an annual appreciation rate of 13.40%.

Relative to California, our data show that Los Angeles's latest annual appreciation rate is lower 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:
$743,506

Los Angeles, CA HOME PRICES

> $1,278,000
16.4%
16.4%
$958,001 - $1,278,000
12.6%
12.6%
$639,001 - $958,000
30.2%
30.2%
$511,001 - $639,000
16.9%
16.9%
$383,001 - $511,000
13.4%
13.4%
$255,001 - $383,000
6.7%
6.7%
$128,001 - $255,000
1.9%
1.9%
$64,001 - $128,000
0.7%
0.7%
$0 - $64,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
1,383,869

Los Angeles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
241.66% 5.88%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,262 / per month

Homeownership Rate

Owners
36.0%
36.0%
Renters
64.0%
64.0%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.8%
8.8%
1970 - 1999
29.7%
29.7%
1940 - 1969
41.3%
41.3%
1939 or Older
20.3%
20.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.8%
37.8%
Townhomes
5.8%
5.8%
Small Apt. Buildings
8.9%
8.9%
Apt. Complexes
46.8%
46.8%
Mobile Homes
0.6%
0.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
10.7%
10.7%
1 Bedroom
24.2%
24.2%
2 Bedrooms
31.0%
31.0%
3 Bedrooms
22.5%
22.5%
4 Bedrooms
8.9%
8.9%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES