The housing market in 90002 Los Angeles, CA is significantly more expensive than the US House Median Value. The Median Value of homes in this area is $516,600 compared to the US House median value of $338,100. Additionally, the 1 year appreciation rate of the housing market in 90002 Los Angeles, CA is far greater than the US 1 year house appreciation rate at 13.16% compared to 8.27%. This indicates that housing prices are continuing to increase rapidly in this area and suggests that it is a good investment opportunity.
The median home cost in Los Angeles (zip 90002) is $516,600. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90002) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90002) real estate is 66 years old
The Rental Market in Los Angeles (zip 90002)
- Renters make up 58.1% of the Los Angeles (zip 90002) population
- 1.3% of houses and apartments in Los Angeles (zip 90002), 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.