The housing market in 91607 Los Angeles, CA is very lucrative. The median value of houses in the area is around $1,104,900 whereas the US median value for housing is only $338,100. This means that housing in this area is more than three times greater than the US average. Furthermore, house appreciation in this area has risen 10.23% over the last year while the national average was only 8.27%. This shows that the 91607 Los Angeles, CA area has seen substantial growth in its housing market and will likely continue to do so into the future.
The median home cost in Los Angeles (zip 91607) is $1,104,900. Home appreciation the last 10 years has been 153.8%. Home Appreciation in Los Angeles (zip 91607) is up 21.7%.
Average Age of Homes
- The median age of Los Angeles (zip 91607) real estate is 51 years old
The Rental Market in Los Angeles (zip 91607)
- Renters make up 64.1% of the Los Angeles (zip 91607) population
- 0.7% of houses and apartments in Los Angeles (zip 91607), 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.