The housing in Los Angeles, CA 90048 is significantly more expensive than the median house value for the US, which stands at $338,100. The median value of a home in Los Angeles, CA 90048 is $1,710,200. Furthermore, in the last year, the appreciation of housing in this area has been 13.16%, significantly higher than the US average of 8.27%. This demonstrates that housing prices have been increasing at a much faster rate than the rest of the country and this trend is likely to continue given current market conditions.
The median home cost in Los Angeles (zip 90048) is $1,710,200. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90048) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90048) real estate is 57 years old
The Rental Market in Los Angeles (zip 90048)
- Renters make up 63.9% of the Los Angeles (zip 90048) population
- 6.4% of houses and apartments in Los Angeles (zip 90048), 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.