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Expensive
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These days, finding an affordable place to live in the Koreatown area can be challenging. Home prices in Koreatown are now at a median cost of $945,694, higher than the Los Angeles average of $909,324.
The average cost of rent is $1,748/mo in Koreatown, primarily driven by the current value of real estate in the Koreatown area. In Koreatown, 92.87% of households rent, and 45.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Koreatown is $4,703 per month. Households that rent pay about 37.17% of their income on rent here. Koreatown’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Mid Wilshire, Los Angeles, CA: higher priced homes
- Historic Filipinotown, Los Angeles, CA: equally priced homes
- Westlake, Los Angeles, CA: less expensive homes
- Mid City, Los Angeles, CA: higher priced homes
- Silver Lake, Los Angeles, CA: higher priced homes
- South Park, Los Angeles, CA: equally priced homes
- Hollywood, Los Angeles, CA: higher priced homes
- Jefferson Park, Los Angeles, CA: higher priced homes
- New Downtown, Los Angeles, CA: less expensive homes
- Downtown Los Angeles, Los Angeles, CA: less expensive homes
Neighborhoods with Similar Populations
- Wakefield-Williamsbridge, Bronx, NY: less expensive homes
- East Side, El Paso, TX: less expensive homes
- Astoria, Queens, NY: equally priced homes
- North Mountain, Phoenix, AZ: less expensive homes
- Southeastern Denver, Denver, CO: less expensive homes
- Eastside, Fort Worth, TX: less expensive homes
- Southwest, Anaheim, CA: less expensive homes
- North, Houston, TX: less expensive homes
- Mid City, Los Angeles, CA: higher priced homes
- Bensonhurst, Brooklyn, NY: higher priced homes
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