Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$950,020+1.3% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$205,945About 2.1× the local median income ($96,654): hard to afford
Days on market57 daysAbout the same pace as a year ago
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Los Angeles-Long Beach-Anaheim, CA is worth $950,020, up 1.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $877,911, so the area is 8.2% overvalued. It is a balanced market: homes take about 57 days to sell, listings are up 10% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $205,945 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,654. Typical rent is $2,929 a month, or $4,420 for a house. In the latest IRS figures, 108,943 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$950,020
Change in 1 year
+1.3%
Overvalued %
+8.2%
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Fair home value
$877,911
Change in 5 years
+19.2%
Zillow forecast, next 12 months
+1.9%
Home value to income
9.8×
Monthly mortgage payment (20% down)
$5,149
Income needed to afford it
$205,945
Property tax rate
0.67%
Rent and investing
Typical rent
$2,929
Typical rent for houses
$4,420
Price-to-rent ratio
27.0×
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HUD Fair Market Rent, 2 bedrooms
$2,987
Gross rental yield
3.70%
Cap rate (estimate)
2.40%
Market activity
Listings vs a year ago
+9.9%
Days on market
57
Listings with a price cut
17.5%
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Homes for sale
20,250
Pending sales per 100 listings
30
Asking price per sq ft
$642
People and jobs
Median household income
$96,654
Population change (1 year)
−0.5%
Unemployment rate
6.8%
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Population
12,844,441
Income adjusted for cost of living
$85,083
Net moves in (IRS)
−108,943
Cost of living (US = 100)
113.6
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
100.0
Unhealthy air days a year
77
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Flood risk score
100.0
Wildfire risk score
99.9
Walkability (1 to 20)
13.4
Road, rail and air noise
55 dB
Questions people ask
Is Los Angeles-Long Beach-Anaheim, CA overvalued?
Home prices in Los Angeles-Long Beach-Anaheim, CA are slightly above what local incomes have historically supported: fair value is about $877,911, so the area is 8.2% overvalued.
Is Los Angeles-Long Beach-Anaheim, CA a buyer's or seller's market?
Los Angeles-Long Beach-Anaheim, CA is a balanced market: homes take about 57 days to sell, listings are up 10% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Los Angeles-Long Beach-Anaheim, CA?
Home values in Los Angeles-Long Beach-Anaheim, CA are up 1.3% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Los Angeles-Long Beach-Anaheim, CA?
A household needs about $205,945 a year to afford the typical home in Los Angeles-Long Beach-Anaheim, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,654.