West Hollywood, CA is a popular area for homebuyers due to its high median housing value of $1,044,300, which is more than three times higher than the US House Median Value of $338,100. Furthermore, the US 1 year House Appreciation rate is 8.27%, while the 1 year appreciation in West Hollywood, CA is 13.16%. This indicates that homes in West Hollywood are increasing in value much faster than other areas across the United States. Homeowners and potential buyers can be confident that their investments in the West Hollywood housing market will bear fruit in the form of long-term value growth.
The median home cost in West Hollywood is $1,044,300. Home appreciation the last 10 years has been 151.4%. Home Appreciation in West Hollywood is up 14.4%.
Average Age of Homes
- The median age of West Hollywood real estate is 55 years old
The Rental Market in West Hollywood
- Renters make up 71.5% of the West Hollywood population
- 5.0% of houses and apartments in West Hollywood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.