It goes without saying that the coronavirus pandemic sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the Los Angeles-Long Beach-Anaheim, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of May 2023. The typical home value in the United States increased over the last year by 0.9% to $346,856. Data was available for 152 cities and towns in Los Angeles.
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#30. West Puente Valley, CA
- 1-year price change: -$15,998 (-2.4%)
- 5-year price change: +$170,262 (+34.5%)
- Typical home value: $663,517 (#125 most expensive city in metro)
#29. Bell Gardens, CA
- 1-year price change: -$15,977 (-2.5%)
- 5-year price change: +$199,038 (+45.8%)
- Typical home value: $633,330 (#133 most expensive city in metro)
#28. Alhambra, CA
- 1-year price change: -$15,956 (-1.8%)
- 5-year price change: +$229,862 (+36.0%)
- Typical home value: $869,168 (#79 most expensive city in metro)
#27. La Puente, CA
- 1-year price change: -$15,804 (-2.4%)
- 5-year price change: +$191,733 (+42.3%)
- Typical home value: $644,522 (#127 most expensive city in metro)
#25. Rancho Mission Viejo, CA
- 1-year price change: -$13,675 (-1.2%)
- 5-year price change: +$326,929 (+41.8%)
- Typical home value: $1,108,316 (#47 most expensive city in metro)
#24. Littlerock, CA
- 1-year price change: -$13,267 (-2.9%)
- 5-year price change: +$156,022 (+55.3%)
- Typical home value: $438,200 (#148 most expensive city in metro)
#23. Willowbrook, CA
- 1-year price change: -$12,842 (-2.1%)
- 5-year price change: +$193,664 (+48.4%)
- Typical home value: $593,847 (#141 most expensive city in metro)
#22. Lake Hughes, CA
- 1-year price change: -$11,943 (-2.7%)
- 5-year price change: +$142,904 (+49.4%)
- Typical home value: $432,071 (#150 most expensive city in metro)
#20. Seal Beach, CA
- 1-year price change: -$10,135 (-1.1%)
- 5-year price change: +$283,554 (+44.0%)
- Typical home value: $928,446 (#67 most expensive city in metro)
#19. Laguna Hills, CA
- 1-year price change: -$9,616 (-0.9%)
- 5-year price change: +$323,215 (+44.6%)
- Typical home value: $1,047,309 (#52 most expensive city in metro)
#18. Westmont, CA
- 1-year price change: -$8,985 (-1.4%)
- 5-year price change: +$203,794 (+46.9%)
- Typical home value: $638,270 (#130 most expensive city in metro)
#17. Irvine, CA
- 1-year price change: -$8,833 (-0.7%)
- 5-year price change: +$368,242 (+41.4%)
- Typical home value: $1,258,466 (#33 most expensive city in metro)
#16. Stanton, CA
- 1-year price change: -$8,551 (-1.2%)
- 5-year price change: +$200,116 (+40.8%)
- Typical home value: $691,057 (#116 most expensive city in metro)
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#15. East Los Angeles, CA
- 1-year price change: -$8,348 (-1.3%)
- 5-year price change: +$178,872 (+39.5%)
- Typical home value: $631,894 (#134 most expensive city in metro)
#14. Compton, CA
- 1-year price change: -$8,333 (-1.4%)
- 5-year price change: +$183,041 (+46.3%)
- Typical home value: $578,480 (#142 most expensive city in metro)
#13. South Gate, CA
- 1-year price change: -$5,766 (-0.9%)
- 5-year price change: +$172,986 (+37.4%)
- Typical home value: $635,478 (#131 most expensive city in metro)
#12. West Carson, CA
- 1-year price change: -$5,687 (-0.8%)
- 5-year price change: +$225,193 (+44.0%)
- Typical home value: $736,837 (#107 most expensive city in metro)
#10. Hacienda Heights, CA
- 1-year price change: -$3,113 (-0.4%)
- 5-year price change: +$240,308 (+38.2%)
- Typical home value: $869,815 (#78 most expensive city in metro)
#9. Lynwood, CA
- 1-year price change: -$3,049 (-0.5%)
- 5-year price change: +$173,869 (+39.1%)
- Typical home value: $618,366 (#136 most expensive city in metro)
#8. Florence-Graham, CA
- 1-year price change: -$2,584 (-0.5%)
- 5-year price change: +$174,598 (+47.4%)
- Typical home value: $542,812 (#144 most expensive city in metro)
#7. Bell, CA
- 1-year price change: -$2,384 (-0.4%)
- 5-year price change: +$191,312 (+42.8%)
- Typical home value: $638,352 (#129 most expensive city in metro)
#5. Commerce, CA
- 1-year price change: -$1,133 (-0.2%)
- 5-year price change: +$179,930 (+39.7%)
- Typical home value: $633,677 (#132 most expensive city in metro)
#4. Culver City, CA
- 1-year price change: -$557 (-0.0%)
- 5-year price change: +$428,221 (+49.7%)
- Typical home value: $1,290,237 (#30 most expensive city in metro)
#3. Hawaiian Gardens, CA
- 1-year price change: +$969 (+0.2%)
- 5-year price change: +$175,155 (+45.5%)
- Typical home value: $559,904 (#143 most expensive city in metro)
#2. Maywood, CA
- 1-year price change: +$2,312 (+0.4%)
- 5-year price change: +$169,710 (+39.2%)
- Typical home value: $602,355 (#139 most expensive city in metro)
