The housing market in Los Angeles, CA (zip code 90062) is performing quite well compared to the national average. The median value of housing in this area is $657,900, which is almost double the national median of $338,100—an indication that this area is a desirable place to live. Additionally, the one-year appreciation rate for housing in this area has been 13.16%, which far surpasses the national average of 8.27%. This data suggests that investing in property in 90062 may be a wise move and could provide strong returns for investors looking to buy or rent out property in the future.
The median home cost in Los Angeles (zip 90062) is $657,900. Home appreciation the last 10 years has been 151.4%. Home Appreciation in Los Angeles (zip 90062) is up 14.4%.
Average Age of Homes
- The median age of Los Angeles (zip 90062) real estate is 78 years old
The Rental Market in Los Angeles (zip 90062)
- Renters make up 56.8% of the Los Angeles (zip 90062) population
- 1.3% of houses and apartments in Los Angeles (zip 90062), 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.