Los Angeles Stats

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Category: Housing

Los Angeles County Among the Least Affordable Housing Markets in America

In the wake of the subprime mortgage crisis, housing became much more affordable as prices dropped. Since peaking in 2012, however, affordability has rapidly declined. Inventory of for-sale homes fell faster in May than it has in years, and home prices have risen substantially in turn. Homeownership in the United States has declined in recent […]

Why Owning a Home is Less Common in Los Angeles

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Los Angeles-Long Beach-Anaheim metro area, 47.9% of residents own their homes, lower than the national homeownership rate and the lowest of any metro area in California. Young Americans […]

Poverty Rate in Los Angeles Above National Rate

An estimated 15.7% of residents in the Los Angeles-Long Beach-Anaheim metro area live below the poverty line, a larger share than the national poverty rate of 14.7% and roughly similar to the state’s poverty rate of 15.3%. Los Angeles has the 12th lowest poverty rate of any California metro area. A high school education can […]

Why Quality of Life is Higher in California

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Los Angeles is America’s 3rd Most Crowded City

There are 12,114 people per square mile in the Los Angeles-Long Beach-Anaheim metro area, higher than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Los Angeles also has the second highest population density of any California metro area. Population density can have a meaningful impact on home prices […]

Why Los Angeles is One of the Most Expensive Housing Markets

A typical home in the Los Angeles-Long Beach-Anaheim, California metro area costs $540,600, more than the national median home value of $194,500. The median home value in Los Angeles is also higher than in California as a whole, where the typical home is worth $449,100. Los Angeles’s median home value is just the sixth highest […]

Los Angeles Has the 2nd Lowest Homeownership Rate in America

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Los Angeles Has the 2nd Lowest Homeownership Rate

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Los Angeles is the 18th Worst City to Flip a Home

The U.S. housing market has been in steady recovery since the housing crisis, and increasing numbers of investors are trying their hand at home flipping: the purchase, renovation, and subsequent sale of a property in a relatively short period of time. While home flipping is costly and notoriously risky, a number of housing markets are […]

California Has the Highest Share of Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

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