Los Angeles’s least expensive homes have appreciated the most since 2016
The quest for affordable housing in Los Angeles has forced many people to look toward the area’s least expensive markets for new housing opportunities.
December 11, 2019
- Click here for an interactive map of the Southern California housing market
- The quest for affordable housing in Los Angeles has forced many people to look toward the area’s least expensive markets for new housing opportunities. The Inland Empire and Central Los Angeles have been two of the most notable markets for potential home buyers given their below average cost of housing.
- For the Inland Empire, this increase in demand has been helped by a new wave of residents now living in the outlying market. In 2018, the Riverside and San Bernardino saw a combined annual net migration of over 15,000 people compared to -40,000 for Los Angeles and Orange County together.
- For Central Los Angeles, the increase in demand has been helped by potential buyers seeking homes that are close to work and away from the high-priced coasts and the mountains. Central Los Angeles serves as a nice compromise being close enough to employment centers for a reasonable work commute and far enough away from the area’s most costly housing.
Source: JLL Research / Esri / Zillow