The housing market in the Los Angeles-Long Beach-Anaheim, CA Metro Area is an attractive option for those looking to invest in real estate. The median value of houses in the area is $847,200, well above the US House Median Value of $338,100. The data also suggests that the area has seen stronger growth than the US average with a 1 year house appreciation rate of 8.89%, compared to 8.27% nationally. This makes Los Angeles-Long Beach-Anaheim, CA Metro Area a great place to consider when making a home purchase or investment decision.
The median home cost in Los Angeles-Long Beach-Anaheim Metro Area is $847,200. Home appreciation the last 10 years has been 129.4%. Home Appreciation in Los Angeles-Long Beach-Anaheim Metro Area is up 15.8%.
Average Age of Homes
- The median age of Los Angeles-Long Beach-Anaheim Metro Area real estate is 50 years old
The Rental Market in Los Angeles-Long Beach-Anaheim Metro Area
- Renters make up 47.7% of the Los Angeles-Long Beach-Anaheim Metro Area population
- 2.0% of houses and apartments in Los Angeles-Long Beach-Anaheim Metro Area, 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.