The housing in 90016 Los Angeles, CA is significantly higher than the US median value, with a median housing value of $847,500. Furthermore, the one-year house appreciation rate in this area is 13.16%, making it higher than the national average of 8.27%. This indicates that investing in property in 90016 Los Angeles, CA can be a profitable venture due to consistently increasing home values over time.
The median home cost in Los Angeles (zip 90016) is $847,500. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90016) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90016) real estate is 69 years old
The Rental Market in Los Angeles (zip 90016)
- Renters make up 60.7% of the Los Angeles (zip 90016) population
- 2.5% of houses and apartments in Los Angeles (zip 90016), 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.