The housing market in 91040 Los Angeles, CA is booming. According to the content above, the Median Value for this area is $824,900 – significantly higher than the US House Median Value of $338,100. Furthermore, while the US 1-year House Appreciation is 8.27%, the House 1-year appreciation in 91040 Los Angeles, CA is 11.31%, indicating that housing values are increasing rapidly and that now is a great time to invest in property in this area.
The median home cost in Los Angeles (zip 91040) is $824,900. Home appreciation the last 10 years has been 113.1%. Home Appreciation in Los Angeles (zip 91040) is up 15.4%.
Average Age of Homes
- The median age of Los Angeles (zip 91040) real estate is 58 years old
The Rental Market in Los Angeles (zip 91040)
- Renters make up 27.9% of the Los Angeles (zip 91040) population
- 1.6% of houses and apartments in Los Angeles (zip 91040), 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.