Watts, Los Angeles, CA—90002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watts, Los Angeles, CA
As of Oct '25, the median home price in Watts, Los Angeles, CA is $586,000, with a year-over-year change of -2.7%. This indicates that home prices in Watts, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $586,000 | -2.7% |
| Single Family | $586,000 | -3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $466,000 | 2.9% |
2 Bed | $537,000 | -3.2% |
3 Bed | $598,000 | -3.7% |
4 Bed | $646,000 | -2.7% |
| 5 Bed | $710,000 | -2.9% |
% of Housing Stock
Rental Trends — Watts, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Watts, Los Angeles, CA is $2,740, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Watts, Los Angeles, CA is 1-bedrooms: $1,970, 2-bedrooms: $2,590, 3-bedrooms: $3,050, 4-bedrooms: $3,160. The most common rental property sizes in Watts, Los Angeles, CA are 2-bedroom and 3-bedroom, accounting for 39.5% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,970 |
| 2 Bed Rent | $2,750 | $2,590 |
| 3 Bed Rent | $2,900 | $3,050 |
| 4 Bed Rent | $3,000 | $3,160 |
% of Rental Stock
Property Listings — Watts, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Watts, Los Angeles, CA is 51. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $642,000 | 5.0% |
Listing Count | 52 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 51 | 5.0% |
Demographics — Watts, Los Angeles, CA
As of the latest ACS Survey released in 2023, Watts, Los Angeles, CA has a population of 52,700, which has remained stable by -0.7% over the past 5 years. Watts, Los Angeles, CA is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | -0.7% |
% Under 18 | 28.8% | -12.2% |
% Seniors | 8.7% | 40.3% |
% WFH | 4.2% | 90.9% |
% w/ College Degree | 8.1% | 65.3% |
As of the latest ACS Survey released in 2023, Watts, Los Angeles, CA is a predominantly hispanic area, with 82.0% of the population identifying as hispanic. The hispanic population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Watts, Los Angeles, CA is black, making up 15.5% of the population. Foreign-born residents account for 35.8% of the population in Watts, Los Angeles, CA, and this percentage has increased by 2.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 0.4% | 0.0% |
% Black | 15.5% | -20.5% |
% Hispanic | 82.0% | 4.5% |
% Asian | 1.7% | 183.3% |
% Foreign Born | 35.8% | 2.0% |
Mortgage and Risk — Watts, Los Angeles, CA
According to HUD data as of 2023, there were 307 mortgage originations in Watts, Los Angeles, CA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Watts, Los Angeles, CA. Investor activity is low, as 7.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Watts, Los Angeles, CA
As of 2024, the percent of homes in Watts, Los Angeles, CA under the Section 8 program is 23.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Watts, Los Angeles, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,548 |
Total Units Section 8 | 1,910 |
% Rentals under Section 8 | 23.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,900 | $1,810 |
| 2 Bedroom | -$460 | $2,750 | $2,290 |
| 3 Bedroom | $40 | $2,900 | $2,940 |
| 4 Bedroom | $240 | $3,000 | $3,240 |
Affordability — Watts, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $586,000 |
| Median Household Income | $56,200 |