Leimert Park, Los Angeles, CA—90008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leimert Park, Los Angeles, CA
As of Oct '25, the median home price in Leimert Park, Los Angeles, CA is $1,061,000, with a year-over-year change of -2.0%. This indicates that home prices in Leimert Park, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,061,000 | -2.0% |
| Single Family | $1,114,000 | -2.8% |
| Condos | $562,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $430,000 | -3.2% |
2 Bed | $879,000 | -1.3% |
3 Bed | $1,133,000 | -2.7% |
4 Bed | $1,436,000 | -2.5% |
| 5 Bed | $1,737,000 | -2.6% |
% of Housing Stock
Rental Trends — Leimert Park, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Leimert Park, Los Angeles, CA is $2,660, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Leimert Park, Los Angeles, CA is studios: $1,570, 1-bedrooms: $1,880, 2-bedrooms: $2,670, 3-bedrooms: $4,460, 4-bedrooms: $8,530. The most common rental property sizes in Leimert Park, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 46.3% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,660 |
| Studio Rent | $1,560 | $1,570 |
| 1 Bed Rent | $1,850 | $1,880 |
| 2 Bed Rent | $2,500 | $2,670 |
| 3 Bed Rent | $3,850 | $4,460 |
| 4 Bed Rent | $8,900 | $8,530 |
% of Rental Stock
Property Listings — Leimert Park, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Leimert Park, Los Angeles, CA is 57. This is a increase of 4.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,320,000 | -8.0% |
Listing Count | 81 | 38.0% |
| Listings as % of Homes | 0.3% | 38.0% |
Days on Market | 57 | 4.0% |
Demographics — Leimert Park, Los Angeles, CA
As of the latest ACS Survey released in 2023, Leimert Park, Los Angeles, CA has a population of 33,400, which has increased by 5.4% over the past 5 years. Leimert Park, Los Angeles, CA is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 5.4% |
% Under 18 | 18.5% | 6.3% |
% Seniors | 18.2% | 11.0% |
% WFH | 12.8% | 116.9% |
% w/ College Degree | 33.2% | 11.8% |
As of the latest ACS Survey released in 2023, Leimert Park, Los Angeles, CA is a predominantly black area, with 61.8% of the population identifying as black. The black population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Leimert Park, Los Angeles, CA is hispanic, making up 27.0% of the population. Foreign-born residents account for 21.0% of the population in Leimert Park, Los Angeles, CA, and this percentage has increased by 22.8% 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 | 5.7% | 29.5% |
% Black | 61.8% | -6.6% |
% Hispanic | 27.0% | 12.5% |
% Asian | 3.6% | 2.9% |
% Foreign Born | 21.0% | 22.8% |
Mortgage and Risk — Leimert Park, Los Angeles, CA
According to HUD data as of 2023, there were 233 mortgage originations in Leimert Park, Los Angeles, CA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Leimert Park, Los Angeles, CA. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 233 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Leimert Park, Los Angeles, CA
As of 2024, the percent of homes in Leimert Park, Los Angeles, CA under the Section 8 program is 27.9%. 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. In Leimert 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 | 2,733 |
Total Units Section 8 | 2,730 |
% Rentals under Section 8 | 27.9% |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,850 | $1,810 |
| 2 Bedroom | -$210 | $2,500 | $2,290 |
| 3 Bedroom | -$910 | $3,850 | $2,940 |
| 4 Bedroom | -$5,660 | $8,900 | $3,240 |
Affordability — Leimert Park, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.4 |
| Median Home Price | $1,061,000 |
| Median Household Income | $61,800 |