The housing market in 90007 Los Angeles, CA is extremely expensive compared to the national median value of $338,100. The median value of a house in 90007 is $936,800 which is more than twice the median value of a US house. On top of that, the 1 year house appreciation rate for this area is higher than the US average at 13.16%, compared to 8.27% nationwide. This means that if you buy a home in 90007 Los Angeles, CA today it will be worth significantly more tomorrow and can make for an excellent investment opportunity.
The median home cost in Los Angeles (zip 90007) is $936,800. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90007) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90007) real estate is 62 years old
The Rental Market in Los Angeles (zip 90007)
- Renters make up 80.6% of the Los Angeles (zip 90007) population
- 5.4% of houses and apartments in Los Angeles (zip 90007), 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.