You’ll Definitely Love These: IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. With a higher-than-national-average median home price of $567,000, and with many neighborhoods boasting home prices well into the millions, Los Angeles is a pricey locale that’s rapidly developing. We used our rental data for the past 6 months as of June 1, 2017 to calculated the median asking rent and multiplied that by 40 to calculate the customary income requirement to rent an apartment. Average Sale Price: $751,000Properties For Sale: 58View Placentia Real Estate Now that you know the top 10 most affordable places to buy … Los Angeles is a melting pot filled with people from all sorts of backgrounds and complete with a variety of job opportunities, businesses, and restaurants. In Jan. 2018, there were 5,371 homes for sale, according to Redfin . 7,344 Homes For Sale in Los Angeles, CA. In Los Angeles, housing inventory is up year-over-year. The 5 Most Affordable Places to Live in Los Angeles: The Verdict? Since Pico-Union is also located near the Metro, LA’s transportation giant, this neighborhood is ideal for residents who need to commute throughout LA, The Valley, and even parts of Orange County. minimum 6 characters that include 1 letter and 1 number. View all of the newest homes for sale in Los Angeles… The median home price in this neighborhood hovers around $725,000. Located in the foothills of Kern County, at the extreme southwestern edge of the San Joaquin Valley, this city's oil and natural gas industry have been keeping this city 'booming'. First-time homebuyers, who know where to look for an affordable home, can easily snag a one-bedroom condo for $300,000. Norwalk makes our list of affordable suburbs thanks to the higher incomes that this area attracts—the second highest on this list. “The properties there have a lot of character—and lots of big Victorian homes.”. Los Angeles, San Francisco, Oakland and San Diego are among those cities listed as the most expensive in the United States. But prospective homebuyers can still find relatively affordable neighborhoods in Los Angeles that are rich in culture and amenities. It’s one of the safest, most affordable neighborhoods in Los Angeles, and it’s a popular spot for homebuyers, thanks to its budget-friendly ranch-style houses, townhomes, and new construction. ... you have to deal with a high cost of living. Please provide an email address where you would like to receive Neighborhoods.com notifications. Neighborhoods.com™ is not affiliated with the builder, developer, or the association of any communities displayed on this website. In fact, San Francisco is second only to Manhattan, with an average home price of $1.2 million and a cost of living that’s 96.3% higher than the national average. Information deemed reliable but not guaranteed to be accurate. Terms of use & Privacy Policy. The median listing price for homes in this community is around $500,000, with the median sales price for three-bedroom homes at $495,000. One of the main cities in the Antelope Valley region, Lancaster is about 60 miles from downtown Los Angeles—the perfect amount of separation from the hustle and bustle of the big city, but not so far that it’s impractical to visit. Valley Village is an area of Los Angeles that is made up of just over 2 square miles of land located to the west of North Hollywood. Mar Vista Hill may be considered expensive, but Mar Vista itself is relatively more affordable. You will need to verify this is your email address. Look to Alhambra, a relatively affordable option in the San Gabriel Valley for those seeking a more suburban lifestyle that’s becoming harder (though not impossible) to find. There’s the western end that’s adjacent to Culver City’s arts district. For those looking to live a bit further from LA and be surrounded by grass-covered hills and breathtaking views of the city, head towards the unassuming Elysian Park. But the town of Oxnard has listings that make the location between Los Angeles and Santa Barbara practical and well worth the investment. By Jan. 2019, that number had … This quality is no different when it comes to real estate in LA. You might want to look just a little bit further … to the Inland Empire, where houses are reasonably priced and many cities are up-and-coming.It’s no secret that San Bernardino and Riverside counties are home to some of the most affordable real estate in southern California. Sandwiched between Downtown Los Angeles and Koreatown, this pedestrian-friendly and centrally located neighborhood isn’t just experiencing its own development boom, it’s also getting more attention from city policymakers cracking down on heavy traffic. To help you find the most affordable housing areas in Los Angeles, AreaVibes calculated the median housing prices of five of the most affordable Los Angeles neighborhoods. It has a relatively young population, with the median age at 27, and it’s home to a significant number of households with four or more people, which makes this affordable suburb ideal for families. Events such as the annual Heritage Festival and Street Faire showcase the city’s assets as well as its small-town warmth. As you can see from the data, the median price of a Los Angeles investment property is quite high at approximately $1 million. Enter the email address associated with your account and we will email you a link to reset your password. In Los Angeles-Long Beach-Glendale region, only 11.3% of homes sold during the fourth quarter of 2019 were affordable to families earning the area’s median income of $73,100. If you do not click on the link, your account will be deactivated. Located firmly in Eastside Los Angeles, adjacent to the booming Downtown Los Angeles, is the up-and-coming neighborhood of Boyle Heights. It's a stretch to describe nearly any part of the California coast as affordable. Get instant access to a lot of relevant information about Los Angeles, CA real estate, including property descriptions, virtual tours, maps and photos. Due to its close proximity to L.A., there are tons of cool amenities you won’t find elsewhere, including StubHub Center, home of Major League Soccer’s L.A. Galaxy.