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These days, finding an affordable place to live in the South Los Angeles area can be challenging. Home prices in South Los Angeles are now at a median cost of $714,967, lower than the Los Angeles average of $909,324.
The average cost of rent is $1,593/mo in South Los Angeles, primarily driven by the current value of real estate in the South Los Angeles area. In South Los Angeles, 67.82% of households rent, and 32.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Los Angeles is $5,092 per month. Households that rent pay about 31.28% of their income on rent here. South Los Angeles’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
- Hyde Park, Los Angeles, CA: higher priced homes
- Southeast Los Angeles, Los Angeles, CA: less expensive homes
- Leimert Park, Los Angeles, CA: higher priced homes
- Central City, Los Angeles, CA: equally priced homes
- Morningside Park, Inglewood, CA: higher priced homes
- Jefferson Park, Los Angeles, CA: higher priced homes
- Nevin, Los Angeles, CA: less expensive homes
- Windsor Hills, View Park-Windsor Hills, CA: higher priced homes
- Crenshaw, Los Angeles, CA: higher priced homes
- Fashion District, Los Angeles, CA: equally priced homes
Neighborhoods with Similar Populations
- Windsor Village, Santa Ana, CA: equally priced homes
- Wilson Park, Milwaukee, WI: less expensive homes
- Wilson-Riverside, San Bernardino, CA: less expensive homes
- York, Bellingham, WA: equally priced homes
- Windom, Minneapolis, MN: less expensive homes
- Yerdemont, San Bernardino, CA: less expensive homes
- Yankee Hill, Milwaukee, WI: less expensive homes
- Yalecrest, Salt Lake City, UT: higher priced homes
- Wynwood, Miami, FL: less expensive homes
- Wynnefield, Philadelphia, PA: less expensive homes
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