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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,976,322, 1,356,311 total housing units (homes and apartments), and a median house value of $612,877, 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 46.16% of the city's housing units. Other types of housing that are prevalent in Los Angeles include single-family detached homes ( 38.63%), duplexes, homes converted to apartments or other small apartment buildings ( 8.60%), and a few row houses and other attached homes ( 5.97%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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 42.16% 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 ( 20.76%). There's also some housing in Los Angeles built between 2000 and later ( 7.41%).
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 27.59% over the last ten years, which is an average annual home appreciation rate of 2.47%, 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.
Appreciation rates are so strong in Los Angeles that despite a nationwide downturn in the housing market, Los Angeles real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Los Angeles appreciation rates continue to be some of the highest in America, at 8.85%, which is higher than appreciation rates in 83.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Los Angeles. Los Angeles appreciation rates in the latest quarter were at 2.56%, which equates to an annual appreciation rate of 10.65%.
Importantly, this makes Los Angeles one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$1,037,212 - $1,382,898||8.7|
|$691,479 - $1,037,211||21.5|
|$553,360 - $691,478||16.6|
|$414,875 - $553,359||20.1|
|$276,550 - $414,874||14.4|
|$138,318 - $276,549||5.5|
|$69,085 - $138,317||1.1|
|$0 - $69,084||2.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
2000 Q1 - 2018 Q1
|* 10 is highest|
|AGE OF Los Angeles HOMES|
|2000 or Newer||7.4|
|1970 - 1999||29.7|
|1940 - 1969||42.2|
|1939 or Older||20.8|
|TYPE OF Los Angeles HOMES|
|Small Apt. Buildings||8.6|
|SIZE OF Los Angeles HOMES|
|5 or more bedrooms||2.67|