Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Downtown area can be challenging. Home prices in New Downtown are now at a median cost of $729,667, higher than the Los Angeles average of $711,993.
The average cost of rent is $1,924/mo in New Downtown, primarily driven by the current value of real estate in the New Downtown area. While nearly 43.88% of residents own their homes outright in New Downtown, 76.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Downtown is $5,910 per month. Households that rent pay about 32.55% of their income on rent here. New Downtown's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Downtown Los Angeles, Los Angeles, CA: equally priced homes
- South Park, Los Angeles, CA: equally priced homes
- Civic Center Little Tokyo, Los Angeles, CA: less expensive homes
- Wholesale District-Skid Row, Los Angeles, CA: equally priced homes
- Fashion District, Los Angeles, CA: equally priced homes
- Westlake, Los Angeles, CA: equally priced homes
- Chinatown, Los Angeles, CA: equally priced homes
- Central City East, Los Angeles, CA: less expensive homes
- Historic Filipinotown, Los Angeles, CA: higher priced homes
- Echo Park, Los Angeles, CA: higher priced homes
Neighborhoods with Similar Populations
- Georgetown, Savannah, GA: less expensive homes
- South Park, Los Angeles, CA: equally priced homes
- South Lake Union, Seattle, WA: equally priced homes
- South Englewood, Chicago, IL: less expensive homes
- South End, Nashua, NH: less expensive homes
- South End Hartford, Hartford, CT: less expensive homes
- South End, Burlington, VT: less expensive homes
- South Deering, Chicago, IL: less expensive homes
- South Arroyo, Pasadena, CA: higher priced homes
- Seacliff, San Francisco, CA: higher priced homes
All Local Stats
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