Koreatown, Los Angeles, CA—90005

As of July '25, Rentcast reports the average rent in Koreatown, Los Angeles, CA is $2,460, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Koreatown, Los Angeles, CA is studios: $1,740, 1-bedrooms: $2,320, 2-bedrooms: $3,380, 3-bedrooms: $5,080, 4-bedrooms: $6,900. The most common rental property sizes in Koreatown, Los Angeles, CA are studio and 1-bedroom, accounting for 42.6% and 34.4% of the rental stock.

As of the latest ACS Survey released in 2023, Koreatown, Los Angeles, CA has a population of 38,700, which has decreased by -1.9% over the past 5 years. Koreatown, Los Angeles, CA is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

As of the latest ACS Survey released in 2023, Koreatown, Los Angeles, CA is a predominantly hispanic area, with 47.7% of the population identifying as hispanic. The hispanic population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Koreatown, Los Angeles, CA is asian, making up 32.6% of the population. Foreign-born residents account for 52.5% of the population in Koreatown, Los Angeles, CA, and this percentage has decreased by 11.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

As of 2024, the percent of homes in Koreatown, Los Angeles, CA under the Section 8 program is 6.6%. 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 Koreatown, Los Angeles, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.