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These days, finding an affordable place to live in the Downtown Los Angeles area can be challenging. Home prices in Downtown Los Angeles are now at a median cost of $719,764, lower than the Los Angeles average of $909,324.
The average cost of rent is $1,738/mo in Downtown Los Angeles, primarily driven by the current value of real estate in the Downtown Los Angeles area. In Downtown Los Angeles, 92.33% of households rent, and 17.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Los Angeles is $4,195 per month. Households that rent pay about 41.43% of their income on rent here. Downtown Los Angeles’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- New Downtown, Los Angeles, CA: higher priced homes
- Wholesale District-Skid Row, Los Angeles, CA: higher priced homes
- Civic Center Little Tokyo, Los Angeles, CA: less expensive homes
- Fashion District, Los Angeles, CA: equally priced homes
- South Park, Los Angeles, CA: higher priced homes
- Chinatown, Los Angeles, CA: equally priced homes
- Central City East, Los Angeles, CA: equally priced homes
- Westlake, Los Angeles, CA: higher priced homes
- Central City, Los Angeles, CA: equally priced homes
- Historic Filipinotown, Los Angeles, CA: higher priced homes
Neighborhoods with Similar Populations
- Naples-Marina Area, Long Beach, CA: higher priced homes
- Boulevard Heights, St. Louis, MO: less expensive homes
- Thomasville, Atlanta, GA: less expensive homes
- Santa Clara Street, Hayward, CA: equally priced homes
- Scarsdale, Arlington Heights, IL: less expensive homes
- Prides Crossing, Aurora, CO: less expensive homes
- Ellerbee Woods, Shreveport, LA: less expensive homes
- Downtown Redmond, Redmond, WA: higher priced homes
- Downtown Pensacola, Pensacola, FL: less expensive homes
- Clarendon, Arlington, VA: equally priced homes
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