Echo Park Home Prices & Values

$615,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.3% 1-year change
  • 6.0% 1-year forecast

The median home value in Echo Park is $615,700. Echo Park home values have gone up 9.3% over the past year and Zillow predicts they will rise 6.0% within the next year. The median list price per square foot in Echo Park is $495, which is higher than the Los Angeles average of $371. The median price of homes currently listed in Echo Park is $625,000 while the median price of homes that sold is $577,005. The median rent price in Echo Park is $1,850, which is lower than the Los Angeles median of $2,220.

Foreclosures will be a factor impacting home values in the next several years. In Echo Park 2.7 homes are foreclosed (per 10,000). This is greater than the Los Angeles value of 2.2 and also lower than the national value of 4.3

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Relative ZHVI
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Echo Park Market Overview

Data through Aug 31, 2014
  • $615,700 ZHVI
  • 6.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $625,000 Median listing price
  • No recent data Median sale price
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Echo Park Market Health

Data through Aug 31, 2014
  • 8.4/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2.7 homes(Oct 31, 2013) Echo Park
2.2 homes Los Angeles
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Los Feliz $1,201,000 Silver Lake $825,200 Mount Washington $652,000
Glassell Park $590,800 Cypress Park $489,900 Elysian Valley $479,500
Westlake $472,800 Downtown Los Angeles $472,800 Lincoln Heights $374,000

Listings & Sales

Data through Aug 31, 2014
  • $495 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.7% Listings with price cut
8.3%
Sold below listing
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Echo Park Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,327 Echo Park
$2,429 Los Angeles
$1,328 United States
  • 1.7 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,850 Rent list price
  • No data Rent list price / sq ft
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