Palms, Los Angeles, CA—90034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palms, Los Angeles, CA
As of Oct '25, the median home price in Palms, Los Angeles, CA is $1,381,000, with a year-over-year change of -2.6%. This indicates that home prices in Palms, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is 0.7%, 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 | -2.6% |
| Single Family | $1,569,000 | -2.2% |
| Condos | $694,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $527,000 | -1.3% |
2 Bed | $971,000 | -3.4% |
3 Bed | $1,528,000 | -2.5% |
4 Bed | $2,071,000 | -1.1% |
| 5 Bed | $2,830,000 | -1.0% |
% of Housing Stock
Rental Trends — Palms, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Palms, Los Angeles, CA is $3,290, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Palms, Los Angeles, CA is studios: $2,280, 1-bedrooms: $2,600, 2-bedrooms: $3,350, 3-bedrooms: $4,630, 4-bedrooms: $6,570. The most common rental property sizes in Palms, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 39.5% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,290 |
| Studio Rent | $2,130 | $2,280 |
| 1 Bed Rent | $2,350 | $2,600 |
| 2 Bed Rent | $3,100 | $3,350 |
| 3 Bed Rent | $4,350 | $4,630 |
| 4 Bed Rent | $6,000 | $6,570 |
% of Rental Stock
Property Listings — Palms, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palms, Los Angeles, CA is 56. This is a increase of 34.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,450,000 | -9.0% |
Listing Count | 56 | -10.0% |
| Listings as % of Homes | 0.1% | -10.0% |
Days on Market | 56 | 34.0% |
Demographics — Palms, Los Angeles, CA
As of the latest ACS Survey released in 2023, Palms, Los Angeles, CA has a population of 55,100, which has remained stable by -1.0% over the past 5 years. Palms, Los Angeles, CA is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,100 | -1.0% |
% Under 18 | 14.2% | 6.8% |
% Seniors | 10.4% | 9.5% |
% WFH | 25.8% | 416.0% |
% w/ College Degree | 64.3% | 14.6% |
As of the latest ACS Survey released in 2023, Palms, Los Angeles, CA is a predominantly white area, with 40.9% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Palms, Los Angeles, CA is hispanic, making up 25.6% of the population. Foreign-born residents account for 30.5% of the population in Palms, Los Angeles, CA, and this percentage has decreased by 10.0% 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 | 40.9% | 2.5% |
% Black | 9.7% | -3.0% |
% Hispanic | 25.6% | -1.2% |
% Asian | 18.4% | -6.1% |
% Foreign Born | 30.5% | -10.0% |
Mortgage and Risk — Palms, Los Angeles, CA
According to HUD data as of 2023, there were 255 mortgage originations in Palms, Los Angeles, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Palms, Los Angeles, CA. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Palms, Los Angeles, CA
As of 2024, the percent of homes in Palms, Los Angeles, CA under the Section 8 program is 1.0%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Palms, Los Angeles, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 246 |
Total Units Section 8 | 228 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $2,350 | $2,470 |
| 2 Bedroom | $20 | $3,100 | $3,120 |
| 3 Bedroom | -$390 | $4,350 | $3,960 |
| 4 Bedroom | -$1,600 | $6,000 | $4,400 |
Affordability — Palms, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.6 |
| Median Home Price | $1,381,000 |
| Median Household Income | $103,000 |