Los Angeles, CA Real Estate
According to census data in the year 2000 there were 1,337,668 housing units in Los Angeles.
This represents a 2.9% growth from 1,299,963 in 1990.
Of those housing units, 1,335,499 were located in either urbanized areas or urban clusters, and 2,169 were located in what is classified as a rural area.
Homeownership rate in Los Angeles is about 38.6%.
Los Angeles's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.83 people.
The majority of houses, apartments or condos in Los Angeles were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 16.60% |
| One Bedroom | 28.10% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 18.80% |
| Four Bedrooms | 6.70% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $221,600 |
| Median Price asked for vacant units | $173,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $603 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 10.90% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 59% |
| Debt Free | 23% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.9% |
