East Los Angeles, CA is a great place to buy a house due to its high value. The median value of housing in East Los Angeles is $603,300 which is significantly higher than the national average of $338,100. Furthermore, the 1 year appreciation rate for houses in East Los Angeles is 13.16%, much higher than the US average of 8.27%. This shows that real estate in East Los Angeles has a very strong potential for growth and makes it an attractive option for those looking to purchase or invest in property.
The median home cost in East Los Angeles is $603,300. Home appreciation the last 10 years has been 151.4%. Home Appreciation in East Los Angeles is up 14.4%.
Average Age of Homes
- The median age of East Los Angeles real estate is 70 years old
The Rental Market in East Los Angeles
- Renters make up 62.3% of the East Los Angeles population
- 1.3% of houses and apartments in East Los Angeles, 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.