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These days, finding an affordable place to live in the East Los Angeles area can be challenging. Home prices in East Los Angeles are now at a median cost of $486,853, lower than the California average of $648,235.
The average cost of rent is $1,264/mo in East Los Angeles, primarily driven by the current value of real estate in the East Los Angeles area. While nearly 37.39% of residents own their homes outright in East Los Angeles, 65.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in East Los Angeles is $4,941 per month. Households that rent pay about 25.58% of their income on rent here. East Los Angeles's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Commerce, CA: equally priced homes
- Monterey Park, CA: higher priced homes
- Vernon, CA: less expensive homes
- Maywood, CA: equally priced homes
- Montebello, CA: equally priced homes
- Bell, CA: equally priced homes
- Alhambra, CA: higher priced homes
- Bell Gardens, CA: less expensive homes
- Huntington Park, CA: equally priced homes
- Cudahy, CA: equally priced homes
Cities with Similar Populations
- Merced, CA: less expensive homes
- Mesa, AZ: less expensive homes
- Moreno Valley, CA: less expensive homes
- Miramar, FL: less expensive homes
- Midland, TX: less expensive homes
- Missouri City, TX: less expensive homes
- Midlothian, VA: less expensive homes
- Milpitas, CA: higher priced homes
- Miami, FL: less expensive homes
- Mooresville, NC: less expensive homes
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