The housing market in 91402 Los Angeles, CA is currently very strong. The median value of homes in the area is $623,700, which is significantly higher than the US house median value of $338,100. In addition to having high home values, there has also been an impressive appreciation rate for homes in the area over the past year. Homeowners have seen a 6.15% increase in their property values, which is slightly lower than the national growth rate of 8.27%. As such, it is clear that housing in 91402 Los Angeles, CA remains a sound investment for those looking to buy or sell a home.
The median home cost in Los Angeles (zip 91402) is $623,700. Home appreciation the last 10 years has been 137.7%. Home Appreciation in Los Angeles (zip 91402) is up 15.9%.
Average Age of Homes
- The median age of Los Angeles (zip 91402) real estate is 48 years old
The Rental Market in Los Angeles (zip 91402)
- Renters make up 62.2% of the Los Angeles (zip 91402) population
- 1.9% of houses and apartments in Los Angeles (zip 91402), 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.