The median home value in Los Angeles County is $609,400. Los Angeles County home values have gone up 8.1% over the past year and Zillow predicts they will rise 12.5% within the next year. The median list price per square foot in Los Angeles County is $430, which is lower than the Los Angeles-Long Beach-Anaheim Metro average of $433. The median price of homes currently listed in Los Angeles County is $675,000 while the median price of homes that sold is $601,600. The median rent price in Los Angeles County is $3,200, which is the same as the Los Angeles-Long Beach-Anaheim Metromedian of $3,200.
Foreclosures will be a factor impacting home values in the next several years. In Los Angeles County 1.0 homes are foreclosed (per 10,000). This is greater than the Los Angeles-Long Beach-Anaheim Metro value of 0.9 and also lower than the national value of 1.6
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Los Angeles County is 1.0%, which is lower than the national value of 1.6%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Los Angeles County homeowners underwater on their mortgage is 5.9%, which is higher than Los Angeles-Long Beach-Anaheim Metro at 5.6%
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