Pico-Robertson, Los Angeles, CA—90035
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pico-Robertson, Los Angeles, CA
As of Oct '25, the median home price in Pico-Robertson, Los Angeles, CA is $1,528,000, with a year-over-year change of -3.0%. This indicates that home prices in Pico-Robertson, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,528,000 | -3.0% |
| Single Family | $1,933,000 | -2.9% |
| Condos | $887,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $617,000 | 5.8% |
2 Bed | $989,000 | -5.6% |
3 Bed | $1,701,000 | -3.0% |
4 Bed | $2,314,000 | -2.6% |
| 5 Bed | $3,423,000 | -2.9% |
% of Housing Stock
Rental Trends — Pico-Robertson, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Pico-Robertson, Los Angeles, CA is $4,040, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Pico-Robertson, Los Angeles, CA is studios: $2,260, 1-bedrooms: $2,740, 2-bedrooms: $3,700, 3-bedrooms: $5,410, 4-bedrooms: $6,200. The most common rental property sizes in Pico-Robertson, Los Angeles, CA are 2-bedroom and 1-bedroom, accounting for 44.3% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $4,040 |
| Studio Rent | $2,300 | $2,260 |
| 1 Bed Rent | $2,500 | $2,740 |
| 2 Bed Rent | $3,500 | $3,700 |
| 3 Bed Rent | $5,000 | $5,410 |
| 4 Bed Rent | $5,000 | $6,200 |
% of Rental Stock
Property Listings — Pico-Robertson, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pico-Robertson, Los Angeles, CA is 59. This is a increase of 39.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,170,000 | -22.0% |
Listing Count | 42 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 59 | 39.0% |
Demographics — Pico-Robertson, Los Angeles, CA
As of the latest ACS Survey released in 2023, Pico-Robertson, Los Angeles, CA has a population of 27,900, which has remained stable by -0.8% over the past 5 years. Pico-Robertson, Los Angeles, CA is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 68.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | -0.8% |
% Under 18 | 19.7% | 3.7% |
% Seniors | 14.9% | -10.8% |
% WFH | 24.1% | 190.4% |
% w/ College Degree | 68.0% | 10.9% |
As of the latest ACS Survey released in 2023, Pico-Robertson, Los Angeles, CA is a predominantly white area, with 63.7% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Pico-Robertson, Los Angeles, CA is hispanic, making up 13.7% of the population. Foreign-born residents account for 21.4% of the population in Pico-Robertson, Los Angeles, CA, and this percentage has decreased by 23.6% 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 | 63.7% | -9.3% |
% Black | 7.7% | 14.9% |
% Hispanic | 13.7% | 29.2% |
% Asian | 7.1% | -10.1% |
% Foreign Born | 21.4% | -23.6% |
Mortgage and Risk — Pico-Robertson, Los Angeles, CA
According to HUD data as of 2023, there were 157 mortgage originations in Pico-Robertson, Los Angeles, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Pico-Robertson, Los Angeles, CA. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pico-Robertson, Los Angeles, CA
As of 2024, the percent of homes in Pico-Robertson, Los Angeles, CA under the Section 8 program is 3.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Pico-Robertson, Los Angeles, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 276 |
Total Units Section 8 | 275 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $2,500 | $2,660 |
| 2 Bedroom | -$140 | $3,500 | $3,360 |
| 3 Bedroom | -$730 | $5,000 | $4,270 |
| 4 Bedroom | -$270 | $5,000 | $4,730 |
Affordability — Pico-Robertson, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.1 |
| Median Home Price | $1,528,000 |
| Median Household Income | $108,000 |