The housing market in Los Angeles, CA County is quite strong when compared to the national average. The median value of homes in the county is $796,100, which is more than double the U.S. median value of $338,100. Home appreciation in the last year has been 8.69%, higher than the national appreciation rate of 8.27%. This indicates that Los Angeles homes are continuing to gain in value and could be a wise investment for those looking to buy in the area.
The median home cost in Los Angeles County is $796,100. Home appreciation the last 10 years has been 134.2%. Home Appreciation in Los Angeles County is up 15.1%.
Average Age of Homes
- The median age of Los Angeles County real estate is 54 years old
The Rental Market in Los Angeles County
- Renters make up 50.2% of the Los Angeles County population
- 2.1% of houses and apartments in Los Angeles County, 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.