5 of 95 tracked Los Angeles ZIPs still show rent acceleration, so the softening is uneven rather than citywide. Across tracked ZIPs the typical home value runs from $529,156 in 90014 to $3,113,951 in 90077 — a factor of 5.9. New-construction sales changed 12.69% year over year. The median tracked ZIP records about 68 pending homes per 100 new listings.
Key stats
- Across tracked ZIPs the typical home value runs from $529,156 in 90014 to $3,113,951 in 90077 — a factor of 5.9.
- The median tracked ZIP records about 68 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 28.6.
- New-construction sales changed 12.69% year over year.
- Tracked ZIP markets
- 95
- Median ZIP home value
- $929,126
- Median ZIP rent
- $2,710
- housing cost spread
- Across tracked ZIPs the typical home value runs from $529,156 in 90014 to $3,113,951 in 90077 — a factor of 5.9.
- new construction change
- New-construction sales changed 12.69% year over year.
- median pending flow
- The median tracked ZIP records about 68 pending homes per 100 new listings.
How broad is rent softening?
Metro new-construction sales changed 12.69% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
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