Cities with the most expensive homes in Los Angeles metro area
Cities with the most expensive homes in Los Angeles metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of April 4, 2023, the 30-year fixed mortgage rate sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.
Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.
Stacker compiled a list of cities with the most expensive homes in Los Angeles using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. Data was available for 153 cities and towns in Los Angeles. Charts for each city show the monthly typical home value since January 2018.
#30. Culver City, CA
- Typical home value: $1,251,357
- 1-year price change: +1.8%
- 5-year price change: +60.5%
#29. Sierra Madre, CA
- Typical home value: $1,296,946
- 1-year price change: +4.0%
- 5-year price change: +43.6%
#28. Redondo Beach, CA
- Typical home value: $1,328,243
- 1-year price change: +1.4%
- 5-year price change: +48.5%
#27. Los Alamitos, CA
- Typical home value: $1,329,998
- 1-year price change: +3.6%
- 5-year price change: +40.1%
#26. North Tustin, CA
- Typical home value: $1,427,476
- 1-year price change: +4.3%
- 5-year price change: +41.7%
#25. Dana Point, CA
- Typical home value: $1,441,806
- 1-year price change: +3.0%
- 5-year price change: +48.0%
#24. San Clemente, CA
- Typical home value: $1,446,018
- 1-year price change: +5.7%
- 5-year price change: +57.3%
#23. South Pasadena, CA
- Typical home value: $1,508,495
- 1-year price change: -3.0%
- 5-year price change: +42.0%
#22. El Segundo, CA
- Typical home value: $1,535,486
- 1-year price change: -4.1%
- 5-year price change: +50.4%
#21. Ladera Heights, CA
- Typical home value: $1,579,035
- 1-year price change: +1.5%
- 5-year price change: +66.5%
#20. Coto de Caza, CA
- Typical home value: $1,587,923
- 1-year price change: +4.8%
- 5-year price change: +42.2%
#19. Santa Monica, CA
- Typical home value: $1,595,332
- 1-year price change: -6.3%
- 5-year price change: +32.4%
#18. Topanga, CA
- Typical home value: $1,603,792
- 1-year price change: -0.2%
- 5-year price change: +66.2%
#17. Calabasas, CA
- Typical home value: $1,610,346
- 1-year price change: +2.4%
- 5-year price change: +57.1%
#16. Rancho Palos Verdes, CA
- Typical home value: $1,728,224
- 1-year price change: +4.9%
- 5-year price change: +54.8%
#15. Rolling Hills Estates, CA
- Typical home value: $1,884,631
- 1-year price change: +3.9%
- 5-year price change: +53.8%
#14. Villa Park, CA
- Typical home value: $1,928,124
- 1-year price change: +4.1%
- 5-year price change: +41.2%
#13. La Canada Flintridge, CA
- Typical home value: $1,994,715
- 1-year price change: -2.1%
- 5-year price change: +39.7%
#12. Bradbury, CA
- Typical home value: $2,045,765
- 1-year price change: -4.2%
- 5-year price change: +17.5%
#11. Palos Verdes Peninsula, CA
- Typical home value: $2,078,985
- 1-year price change: +7.1%
- 5-year price change: +48.0%
#10. Hermosa Beach, CA
- Typical home value: $2,096,570
- 1-year price change: +1.6%
- 5-year price change: +55.3%
#9. San Marino, CA
- Typical home value: $2,288,985
- 1-year price change: -2.2%
- 5-year price change: +18.6%
#8. Palos Verdes Estates, CA
- Typical home value: $2,639,000
- 1-year price change: +5.7%
- 5-year price change: +48.0%
#7. Laguna Beach, CA
- Typical home value: $2,710,193
- 1-year price change: +4.3%
- 5-year price change: +43.3%
#6. Manhattan Beach, CA
- Typical home value: $2,853,470
- 1-year price change: +2.9%
- 5-year price change: +56.0%
#5. Newport Beach, CA
- Typical home value: $2,861,841
- 1-year price change: +3.0%
- 5-year price change: +44.1%
#4. Malibu, CA
- Typical home value: $3,333,737
- 1-year price change: -1.5%
- 5-year price change: +91.1%
#3. Beverly Hills, CA
- Typical home value: $3,553,432
- 1-year price change: -4.8%
- 5-year price change: +65.8%
#2. Rolling Hills, CA
- Typical home value: $4,111,082
- 1-year price change: +2.2%
- 5-year price change: +54.3%
#1. Hidden Hills, CA
- Typical home value: $4,839,197
- 1-year price change: +2.1%
- 5-year price change: +86.1%
