United States · North America · Population: 3,900,000
Los Angeles is a challenging market for first-time buyers, with steady growth in property values. The city has one of the most expensive rental markets. At $850,000 average home price in United States, buyers should consider the 10.5x price-to-income ratio when planning a purchase.
| Average Home Price | $850,000 |
| Price per sqm | $9,800 |
| Price-to-Income Ratio | 10.5x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +1.8% |
| 1-Bedroom Apartment | $2,800/mo |
| 3-Bedroom Apartment | $4,200/mo |
| Rent-to-Income Ratio | 38% |
| Median Household Income | $81,000/year |
| Years to Buy (at median income) | 10.5 years |
| Local Currency | USD |
With a price-to-income ratio of 10.5x, Los Angeles requires significant savings to purchase property. At a mortgage rate of 6.8%, monthly payments could consume a large share of income. Home prices have increased 1.8% in the past year.
Cities worldwide with home prices closest to Los Angeles
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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