According to statistics, the population in Los Angeles, CA amounts to 3,990,469, which shows decline 0% compared to the previous year. The median age of the city’s residents is 36. The average household income is $62,474, shifting growth 4% from the past year, and the average property value in Los Angeles, CA growth 5% to $682,400 throughout the year.
|Number Of Employees||2M|
|Median Property Value||$682,400|
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,382,293 households in Los Angeles, CA . The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Los Angeles, CA shifted from $647,000 to $682,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Los Angeles, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Los Angeles, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3000, which is less than the national average.
|Apartment Size||Apr||vs Last Month|
|1 bed for sale||$640,557||-5.8%|
|2 bed for sale||$946,870||+5.9%|
|3 bed for sale||$1,252,432||+0.5%|
|4+ bed for sale||$2,449,390||+1.7%|
During Apr 2022, the average price for an apartment in/near Los Angeles, CA increased by 2.9% to $1,655,821.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $640,557 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $946,870. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $1,252,432. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,449,390 for a big-family home.
|Listing Type||Apr||vs Last Month|
|Lofts for sale||$1,443,474||+20.6%|
|Townhouses for sale||$1,581,805||+3.6%|
|Apartments for sale||$390,862||-7.7%|
|Houses for sale||$1,905,708||+2.9%|
|Condos for sale||$947,022||-0.5%|
|Duplexes for sale||$1,252,260||-4.7%|
While assessing the property pricing Los Angeles, CA, you can note that it remains flat with a price tag of $390,862. According to statistics, average house is still $1,905,708 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $947,022. An average value of duplex is $1,252,260, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $1,443,474. Value of the townhouses didn’t change, the price still starts at $1,581,805.