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Expensive
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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 $785,756, lower than the Los Angeles average of $909,324.
The average cost of rent is $2,198/mo in New Downtown, primarily driven by the current value of real estate in the New Downtown area. In New Downtown, 89.91% of households rent, and 41.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Downtown is $5,894 per month. Households that rent pay about 37.29% of their income on rent here. New Downtown’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Downtown Los Angeles, Los Angeles, CA: equally priced homes
- South Park, Los Angeles, CA: higher 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: equally priced 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: higher 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
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