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.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!