Los Angeles is a large Southern California city extending from the Pacific coast across a broad basin and into valleys and hillsides. Its physical character shifts by neighborhood, with dense commercial corridors, palm-lined residential streets, canyon roads, and views toward the Santa Monica and San Gabriel mountains. It is part of the Los Angeles-Long Beach-Anaheim metro area.
Housing ranges from early-20th-century bungalows and Spanish Revival houses to midcentury residences, contemporary infill, condominiums, and large apartment buildings. The city includes both owner-occupied and rental options, with substantial variation in lot size, building form, and price by location. The average home value is $929,572 (-0.4% over the past 12 months), while the average rent is $2,778/mo (+0.9% over the past 12 months).
The economy spans entertainment, healthcare, higher education, technology, aerospace, trade, and professional services. Employment centers are distributed among Downtown, Hollywood, Century City, the Westside, and other districts. Freeways support regional travel, while Metro rail and bus routes connect many major corridors. Walkability and transit access vary considerably by neighborhood, and Los Angeles International Airport provides domestic and international connections.
Daily-life amenities include neighborhood shopping streets, dining districts, public libraries, museums, performance venues, and recreation centers. Griffith Park, the Los Angeles River paths, coastal beaches, hillside trails, and smaller community parks provide varied outdoor settings. Cultural destinations range from historic theaters and studio districts to art museums and music venues, while rail stations and frequent bus corridors support access to key activity centers.
How sale and rent prices have moved over time, and where Los Angeles sits today.
The average home value in Los Angeles is $929,572, down 0.4% over the past 12 months. As a buyer, you should aim to keep your mortgage payment at or below 28% of your gross monthly income when deciding what you can afford.
The average rent in Los Angeles is $2,778/mo, up 0.9% over the past 12 months. As a renter, you should aim to spend no more than 30% of your gross monthly income on rent when setting your budget.
Los Angeles has moderately high for-sale competitiveness, with a market temperature of 62 and a 58-day for-sale pace. Culver City and Burbank have higher market temperatures, while Culver City and Redondo Beach also have shorter days on market; Los Angeles, however, has substantially more active listings than every nearby market shown.
| Region | Average home value | Inventory | Days on market | Competitiveness | Key driver |
|---|---|---|---|---|---|
| Los Angeles | $929,572 | High | 58 days | Moderate-high | Large inventory with a 58-day for-sale pace |
| Burbank | $1,176,932 | Moderate | 49 days | Moderate-high | Higher market temperature and shorter for-sale pace |
| Inglewood | $749,827 | Moderate | 65 days | Moderate-high | Longer for-sale pace than Los Angeles |
| Redondo Beach | $1,473,182 | High | 43 days | Moderate-high | Short for-sale pace and leading nearby inventory |
| Culver City | $1,271,790 | Low | 33 days | Moderate-high | Shortest for-sale pace among compared markets |
Los Angeles and all four nearby markets are classified as excess-demand rental markets, so each receives a high competitiveness rating. Los Angeles has by far the most active rentals, while its median active rental listing age of 57 days falls between the younger listings in Redondo Beach, Burbank, and Culver City and the older listings in Inglewood.
| Region | Average rent | Inventory | Average listing age | Competitiveness | Key driver |
|---|---|---|---|---|---|
| Los Angeles | $2,778/mo | High | 57 days | High | Excess demand; listings are 57 days old |
| Burbank | $2,783/mo | Moderate | 43 days | High | Excess demand; listings are 43 days old |
| Inglewood | $2,492/mo | High | 64 days | High | Excess demand and the largest nearby rental inventory |
| Redondo Beach | $3,521/mo | Low | 33 days | High | Excess demand; listings are 33 days old |
| Culver City | $3,477/mo | Low | 44 days | High | Excess demand and low active rental inventory |
Estimate what it takes to own in this area. Zillow's mortgage calculator helps buyers understand their potential monthly payment-including principal, interest, taxes, and insurance-so they can quickly gauge what home prices fit their budget in this market. Adjust key factors like down payment and interest rate to see how affordability changes and confidently move into your home search.
Not sure whether to rent or buy in this community? This tool compares the long-term costs of both options and shows your breakeven point: the time it takes for buying to become more affordable than renting. Use it to understand how local home prices, rents, and your timeline impact the smarter financial move before starting your search.
See what you can comfortably afford to rent in this area. By factoring in your income, budget, and expenses, Zillow's rent affordability tools help you set a realistic price range-so you can focus on listings that fit your lifestyle and avoid stretching beyond your means as you explore rentals in this market.
Los Angeles has a lower median sale price than Burbank, Redondo Beach, and Culver City but a higher price than Inglewood; monthly rent follows the same broad pattern, though it is close to Burbank. Its varied urban form and extensive transit network contrast with Burbank’s studio blocks, Inglewood’s major venues, Redondo Beach’s coastal setting, and Culver City’s compact mixed-use core.
| Metric | Los Angeles | Burbank | Inglewood | Redondo Beach | Culver City |
|---|---|---|---|---|---|
Average sale priceExplore price per property type | $1,015,500 | $1,182,500 | $697,667 | $1,461,000 | $1,235,833 |
Average rent priceExplore price per unit size | $2,778/mo | $2,783/mo | $2,492/mo | $3,521/mo | $3,477/mo |
Transit access | Extensive bus and rail | Local buses and Metrolink | Metro rail and buses | Local and regional buses | Metro rail and buses |
Neighborhood vibe | Dense core, varied streetscapes | Low-rise blocks and studios | Low-rise streets, major venues | Coastal streets and piers | Compact core, mixed-use blocks |
Top POIs | Griffith Observatory (Observatory); Getty Center (Museum); Grand Central Market (Market) | Warner Bros. Studio Tour Hollywood (Studio Tour); Johnny Carson Park (Park); Burbank Town Center (Shopping Center) | SoFi Stadium (Stadium); Kia Forum (Arena); Edward Vincent Jr. Park (Park) | Redondo Beach Pier (Pier); Hopkins Wilderness Park (Park); South Bay Galleria (Shopping Center) | The Wende Museum (Museum); Museum of Jurassic Technology (Museum); Culver City Park (Park) |
Start shopping for homes in Los Angeles. Find 6,821 homes for sale and 38,224 homes for rent in Los Angeles. (Listing data as of )
Buying a house can be a complicated, stressful process. Here are 10 steps to help you confidently find your new home.
Knowing how to find an apartment in a competitive rental market can save you time and money. Use our tips to make your search easier.
Zillow spotlights some of the best Los Angeles neighborhoods to live in for affordability, home value, lifestyle, community, schools and more.
Los Angeles is a good place to live for international culture, temperate weather and endless entertainment. Learn if Los Angeles is the right place for you.