The housing market in 90031 Los Angeles, CA is booming. The median house value in the area is currently $781,300, which is more than double the national median of $338,100 and significantly higher than other parts of the state. This large difference is reflective of the strong appreciation that has occurred over the past year - 13.16% compared to 8.27% for the US as a whole. With such high values and strong growth prospects, this area could be immensely attractive to potential buyers looking for a safe investment opportunity in real estate.
The median home cost in Los Angeles (zip 90031) is $781,300. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90031) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90031) real estate is 74 years old
The Rental Market in Los Angeles (zip 90031)
- Renters make up 63.8% of the Los Angeles (zip 90031) population
- 1.0% of houses and apartments in Los Angeles (zip 90031), 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.