Markets & Economy

Zillow Los Angeles: Affordability Breakdown

Per Zillow, homeowners are shelling out for a home in Los Angeles

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Zillow breaks down how incomes and affordability match up in Los Angeles. Los Angeles-Long Beach-Anaheim metro highlights from Zillow: The median income is $62,172. 39.9 percent of income is spent on a monthly mortgage payment, and 48.8 percent is spent on rent. A 20 percent down payment on a median-valued home in Los Angeles-Long Beach-Anaheim, CA would require a potential buyer to have saved $109,580. The ZHVI (Zillow Home Value Index) rose by 4.5 percent over the past year, to $547900. Read more about the California housing market here. ...