The housing market in the 90005 zip code of Los Angeles, CA is significantly higher than the national average. The median value of a house in this area is $977,300 whereas the US median home value is only $338,100. In addition to this large difference in price, the house appreciation rate in 90005 over the past year has been 13.16%, which is more than 5% higher than the US house appreciation rate of 8.27%. This area clearly offers a very desirable real estate market with its high values and steady appreciation rates.
The median home cost in Los Angeles (zip 90005) is $977,300. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90005) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90005) real estate is 68 years old
The Rental Market in Los Angeles (zip 90005)
- Renters make up 85.6% of the Los Angeles (zip 90005) population
- 7.2% of houses and apartments in Los Angeles (zip 90005), 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.