La Mirada, California Housing Market Prices
La Mirada Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 72% below the California median$184,633
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Median rent 9% above the California median$2,216
Housing Market Overview
| Metric | La Mirada | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,633 | $650,794 | $248,835 |
| Price Trend (Annual %) | -3.2% | 8.9% | 7.5% |
| Median Gross Rent | $2,216 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in La Mirada is about 72% lower than in California. Rent is about 9% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in La Mirada: home prices fell about 3.2% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in La Mirada rose about 40.4% between 2015 and 2024, from $1,578 to $2,216. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in La Mirada.
Buying the median-priced home in La Mirada costs roughly 6.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in La Mirada. The price-to-rent ratio in California is about 26.6.
| Metric | La Mirada | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,633 | $650,794 | $248,835 |
| Median Household Income | $109,661 | $99,161 | $80,455 |
| Price-to-Income Ratio | 1.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in La Mirada fell about 51.2%, while median household income rose about 31.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | La Mirada | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.2% | 51.7% | 58.5% |
| Rental Rate | 23.3% | 40.8% | 31.2% |
| Vacancy Rate | 2.5% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
La Mirada has a homeownership rate of 74.2%, higher than the California average of 51.7%. Its housing vacancy rate is 2.5%, compared with 7.5% in California.
Housing Stock
| Metric | La Mirada | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.93 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1966 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in La Mirada was built around 1966. On average, 2.9 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
La Mirada, CA Housing Compared With Nearby Cities
How La Mirada, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| La Mirada, CA | 46,965 | $184,633 #2/2 | $2,216 #1/2 | 76.1% #1/2 |
| Buena Park, CA | 85,227 | $762,051 | $2,192 | 51.0% |
Frequently Asked Questions
Common questions about the housing market in La Mirada, California.
What is the median home price in La Mirada, California?
The median home price in La Mirada, California is $184,633, lower than the California average of $650,794.
What is the average home price in La Mirada, California?
The typical home price in La Mirada, California, reported as the median sale price, is $184,633. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in La Mirada, California?
The median gross rent in La Mirada, California is $2,216 per month, higher than the California average of $2,036.
What was the median gross rent in La Mirada in 2020?
In 2020, the median gross rent in La Mirada, California was $1,555 per month.
What is the price-to-rent ratio in La Mirada, California?
The price-to-rent ratio in La Mirada, California is about 6.9, meaning it would take roughly 6.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in La Mirada.
Are home prices or rent rising faster in La Mirada, California?
Home prices and rent are moving in opposite directions in La Mirada: home prices fell about 3.2% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in La Mirada, California?
74.2% of households in La Mirada, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in La Mirada, California?
The housing vacancy rate in La Mirada, California is 2.5%, lower than the California average of 7.5%.
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