Hancock Park, Los Angeles, CA—90004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hancock Park, Los Angeles, CA
As of Oct '25, the median home price in Hancock Park, Los Angeles, CA is $1,381,000, with a year-over-year change of -3.4%. This indicates that home prices in Hancock Park, 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 | $1,381,000 | -3.4% |
| Single Family | $1,763,000 | -3.0% |
| Condos | $735,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $604,000 | -4.0% |
2 Bed | $855,000 | -6.4% |
3 Bed | $1,388,000 | -3.9% |
4 Bed | $2,393,000 | -1.6% |
| 5 Bed | $3,775,000 | -2.2% |
% of Housing Stock
Rental Trends — Hancock Park, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Hancock Park, Los Angeles, CA is $2,640, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Hancock Park, Los Angeles, CA is studios: $1,580, 1-bedrooms: $2,260, 2-bedrooms: $3,130, 3-bedrooms: $4,450, 4-bedrooms: $5,630. The most common rental property sizes in Hancock Park, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 41.5% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,640 |
| Studio Rent | $1,460 | $1,580 |
| 1 Bed Rent | $2,100 | $2,260 |
| 2 Bed Rent | $3,050 | $3,130 |
| 3 Bed Rent | $3,990 | $4,450 |
| 4 Bed Rent | $5,950 | $5,630 |
% of Rental Stock
Property Listings — Hancock Park, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hancock Park, Los Angeles, CA is 54. This is a increase of 48.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,710,000 | 11.0% |
Listing Count | 91 | 37.0% |
| Listings as % of Homes | 0.1% | 37.0% |
Days on Market | 54 | 48.0% |
Demographics — Hancock Park, Los Angeles, CA
As of the latest ACS Survey released in 2023, Hancock Park, Los Angeles, CA has a population of 58,800, which has decreased by -4.5% over the past 5 years. Hancock Park, Los Angeles, CA is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 40.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,800 | -4.5% |
% Under 18 | 18.4% | -6.6% |
% Seniors | 12.6% | 23.5% |
% WFH | 16.4% | 156.2% |
% w/ College Degree | 40.0% | 15.6% |
As of the latest ACS Survey released in 2023, Hancock Park, Los Angeles, CA is a predominantly hispanic area, with 46.0% of the population identifying as hispanic. The hispanic population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Hancock Park, Los Angeles, CA is asian, making up 25.2% of the population. Foreign-born residents account for 47.0% of the population in Hancock Park, Los Angeles, CA, and this percentage has decreased by 5.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.8% | 18.2% |
% Black | 4.5% | 15.4% |
% Hispanic | 46.0% | -10.0% |
% Asian | 25.2% | 0.4% |
% Foreign Born | 47.0% | -5.1% |
Mortgage and Risk — Hancock Park, Los Angeles, CA
According to HUD data as of 2023, there were 164 mortgage originations in Hancock Park, Los Angeles, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Hancock Park, Los Angeles, CA. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 8.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hancock Park, Los Angeles, CA
As of 2024, the percent of homes in Hancock Park, Los Angeles, CA under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hancock Park, Los Angeles, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 885 |
Total Units Section 8 | 872 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 83.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $2,100 | $2,100 |
| 2 Bedroom | -$400 | $3,050 | $2,650 |
| 3 Bedroom | -$620 | $3,990 | $3,370 |
| 4 Bedroom | -$2,220 | $5,950 | $3,730 |
Affordability — Hancock Park, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 23.3 |
| Median Home Price | $1,381,000 |
| Median Household Income | $62,700 |