Los Angeles, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Los Angeles Neighborhoods Since 2000




Los Angeles, CA Real Estate Data


Los Angeles Housing Market Information

With a population of 3,971,883, 1,329,372 total housing units (homes and apartments), and a median house value of $691,088, 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 46.02% of the city's housing units. Other types of housing that are prevalent in Los Angeles include single-family detached homes ( 38.81%), duplexes, homes converted to apartments or other small apartment buildings ( 8.49%), and a few row houses and other attached homes ( 6.05%). 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 43.08% of the city's housing hails from this era. Other housing ages represented in Los Angeles include homes built between 1970-1999 ( 29.38%) and housing constructed before 1939 ( 20.59%). There's also some housing in Los Angeles built between 2000 and later ( 6.95%).

Los Angeles Home Appreciation Rates

Real estate appreciation rates in Los Angeles's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.

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 6.52%, which is higher than appreciation rates in 80.33% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Los Angeles's latest annual appreciation rate is higher than 50% 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:
$691,088

Los Angeles, CA HOME PRICES

Value Range
> $1,422,000 8.0
$1,067,001 - $1,422,000 7.4
$711,001 - $1,067,000 18.3
$569,001 - $711,000 14.5
$427,001 - $569,000 22.1
$284,001 - $427,000 17.5
$142,001 - $284,000 8.5
$71,001 - $142,000 1.4
$0 - $71,000 2.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.87521227381859 24.5706737120211

Number Of Homes And Apartments:
1,329,372

Rent & Ownership

 

Average Market Rent:
$1,678 / per month

Homeownership Rate

Homeownership
Owners 36.34
Renters 63.66
Vacant 6.86

Housing Market Details

 

Age of Homes

AGE OF Los Angeles HOMES
2000 or Newer 7.0
1970 - 1999 29.4
1940 - 1969 43.1
1939 or Older 20.6

Types of Homes

TYPE OF Los Angeles HOMES
Single-Family 38.8
Townhomes 6.0
Small Apt. Buildings 8.5
Apt. Complexes 46.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Los Angeles HOMES
No Bedroom 9.57
1 Bedroom 25.36
2 Bedrooms 31.48
3 Bedrooms 22.31
4 Bedrooms 8.45
5 or more bedrooms 2.82

Los Angeles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
149.39% 5.52% 10 10
* 10 is highest