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Expensive
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These days, finding an affordable place to live in the Central City area can be challenging. Home prices in Central City are now at a median cost of $676,736, lower than the Los Angeles average of $909,324.
The average cost of rent is $1,406/mo in Central City, primarily driven by the current value of real estate in the Central City area. In Central City, 79.70% of households rent, and 29.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Central City is $4,337 per month. Households that rent pay about 32.43% of their income on rent here. Central City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Nevin, Los Angeles, CA: less expensive homes
- Fashion District, Los Angeles, CA: higher priced homes
- South Park, Los Angeles, CA: higher priced homes
- Wholesale District-Skid Row, Los Angeles, CA: higher priced homes
- Downtown Los Angeles, Los Angeles, CA: equally priced homes
- New Downtown, Los Angeles, CA: higher priced homes
- Central City East, Los Angeles, CA: higher priced homes
- Westlake, Los Angeles, CA: higher priced homes
- Civic Center Little Tokyo, Los Angeles, CA: equally priced homes
- South Los Angeles, Los Angeles, CA: equally priced homes
Neighborhoods with Similar Populations
- Brea-Olinda, Brea, CA: higher priced homes
- Outer Sunset, San Francisco, CA: higher priced homes
- Almaden Valley, San Jose, CA: higher priced homes
- Arleta, Pacoima, CA: equally priced homes
- West Omaha, Omaha, NE: less expensive homes
- Western Hills Fort Worth, Fort Worth, TX: less expensive homes
- Country Club, Bronx, NY: less expensive homes
- Makakilo-Kapolei-Honokai Hale, Kapolei, HI: higher priced homes
- Southside, Lansing, MI: less expensive homes
- Kings Bridge, Bronx, NY: less expensive homes
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