Los Angeles, California Housing Market Prices
Los Angeles 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% above the California median$1,120,764
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Median rent 5% below the California median$1,931
Housing Market Overview
| Metric | Los Angeles | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,120,764 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.8% | 8.9% | 7.5% |
| Median Gross Rent | $1,931 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Los Angeles is about 72% higher than in California. Rent is about 5% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Los Angeles, up about 8.8% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Los Angeles rose about 59.9% between 2015 and 2024, from $1,208 to $1,931. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 13.6 yearly household incomes in Los Angeles.
Buying the median-priced home in Los Angeles costs roughly 48.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Los Angeles. The price-to-rent ratio in California is about 26.6.
| Metric | Los Angeles | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,120,764 | $650,794 | $248,835 |
| Median Household Income | $82,258 | $99,161 | $80,455 |
| Price-to-Income Ratio | 13.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Los Angeles rose about 156.3%, while median household income rose about 63.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Los Angeles | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 33.3% | 51.7% | 58.5% |
| Rental Rate | 59.3% | 40.8% | 31.2% |
| Vacancy Rate | 7.4% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Los Angeles has a homeownership rate of 33.3%, lower than the California average of 51.7%. Its housing vacancy rate is 7.4%, compared with 7.5% in California.
Housing Stock
| Metric | Los Angeles | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1965 | 1975 | 1978 |
| Median Number of Rooms | 4.1 | 5.0 | 5.5 |
The typical housing unit in Los Angeles was built around 1965. On average, 2.6 people live in a home with about 4.1 rooms, staying for about 13.0 years on average.
Los Angeles, CA Housing Compared With Nearby Cities
How Los Angeles, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Los Angeles, CA | 3,843,367 | $1,120,764 #3/3 | $1,931 #3/3 | 35.9% #3/3 |
| Beverly Hills, CA | 31,624 | $1,791,666 | $2,829 | 41.0% |
| Culver City, CA | 39,823 | $1,404,140 | $2,736 | 54.5% |
Frequently Asked Questions
Common questions about the housing market in Los Angeles, California.
What is the median home price in Los Angeles, California?
The median home price in Los Angeles, California is $1,120,764, higher than the California average of $650,794.
What is the average home price in Los Angeles, California?
The typical home price in Los Angeles, California, reported as the median sale price, is $1,120,764. 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 Los Angeles, California?
The median gross rent in Los Angeles, California is $1,931 per month, lower than the California average of $2,036.
What was the median gross rent in Los Angeles in 2020?
In 2020, the median gross rent in Los Angeles, California was $1,522 per month.
What is the price-to-rent ratio in Los Angeles, California?
The price-to-rent ratio in Los Angeles, California is about 48.4, meaning it would take roughly 48.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Los Angeles.
Are home prices or rent rising faster in Los Angeles, California?
Both home prices and rent are rising in Los Angeles, up about 8.8% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Los Angeles, California?
33.3% of households in Los Angeles, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Los Angeles, California?
The housing vacancy rate in Los Angeles, California is 7.4%, lower than the California average of 7.5%.
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