The housing market in 91602 Los Angeles, CA is experiencing a strong appreciation rate compared to the US median. The median value of a house in this area is $1,036,900, and over the past year it has appreciated 10.23%, significantly higher than the national average of 8.27%. This appreciation rate indicates that the Los Angeles housing market is currently highly desirable and could be a great investment opportunity for potential buyers.
The median home cost in Los Angeles (zip 91602) is $1,036,900. Home appreciation the last 10 years has been 153.8%. Home Appreciation in Los Angeles (zip 91602) is up 21.7%.
Average Age of Homes
- The median age of Los Angeles (zip 91602) real estate is 47 years old
The Rental Market in Los Angeles (zip 91602)
- Renters make up 59.6% of the Los Angeles (zip 91602) population
- 2.4% of houses and apartments in Los Angeles (zip 91602), 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.