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These days, finding an affordable place to live in the Hollywood area can be challenging. Home prices in Hollywood are now at a median cost of $877,022, higher than the Los Angeles average of $711,993.
The average cost of rent is $1,656/mo in Hollywood, primarily driven by the current value of real estate in the Hollywood area. While nearly 43.08% of residents own their homes outright in Hollywood, 90.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hollywood is $4,631 per month. Households that rent pay about 35.76% of their income on rent here. Hollywood's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Mid Wilshire, Los Angeles, CA: higher priced homes
- Hollywood Hills, Los Angeles, CA: higher priced homes
- Los Feliz, Los Angeles, CA: higher priced homes
- Glendale, Los Angeles, CA: higher priced homes
- Mid City West, Los Angeles, CA: higher priced homes
- Koreatown, Los Angeles, CA: less expensive homes
- Silver Lake, Los Angeles, CA: higher priced homes
- Historic Filipinotown, Los Angeles, CA: equally priced homes
- Mid City, Los Angeles, CA: equally priced homes
- Westlake, Los Angeles, CA: less expensive homes
Neighborhoods with Similar Populations
- Northeast Raleigh, Raleigh, NC: less expensive homes
- East Arlington, Arlington, TX: less expensive homes
- Southwest Dallas, Dallas, TX: less expensive homes
- Anacostia, Washington, DC: less expensive homes
- Northwest, Virginia Beach, VA: less expensive homes
- Northwest Raleigh, Raleigh, NC: less expensive homes
- Northwest, Columbus, OH: less expensive homes
- Northeast, El Paso, TX: less expensive homes
- Lake View, Chicago, IL: less expensive homes
- Kew Ggardens, Queens, NY: less expensive homes
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