La Palma, CA—90623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Palma, CA
As of Oct '25, the median home price in La Palma, CA is $1,154,000, with a year-over-year change of 0.6%. This indicates that home prices in La Palma, CA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,154,000 | 0.6% |
| Single Family | $1,161,000 | 0.3% |
| Condos | $646,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $616,000 | -0.2% |
3 Bed | $1,012,000 | -1.0% |
4 Bed | $1,203,000 | 0.5% |
| 5 Bed | $1,262,000 | -0.9% |
% of Housing Stock
Rental Trends — La Palma, CA
As of July '25, Rentcast reports the average rent in La Palma, CA is $3,640, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in La Palma, CA is 1-bedrooms: $2,000, 2-bedrooms: $2,520, 3-bedrooms: $4,250, 4-bedrooms: $4,820. The most common rental property sizes in La Palma, CA are 2-bedroom and 1-bedroom, accounting for 48.0% and 17.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $3,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $2,000 |
| 2 Bed Rent | $2,380 | $2,520 |
| 3 Bed Rent | $4,200 | $4,250 |
| 4 Bed Rent | $4,900 | $4,820 |
% of Rental Stock
Property Listings — La Palma, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in La Palma, CA is 47. This is a increase of 56.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,310,000 | 9.0% |
Listing Count | 9 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 47 | 56.0% |
Demographics — La Palma, CA
As of the latest ACS Survey released in 2023, La Palma, CA has a population of 15,400, which has decreased by -2.8% over the past 5 years. La Palma, CA is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 48.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -2.8% |
% Under 18 | 19.1% | 8.5% |
% Seniors | 21.4% | 18.2% |
% WFH | 12.9% | 279.4% |
% w/ College Degree | 48.8% | 2.5% |
As of the latest ACS Survey released in 2023, La Palma, CA is a predominantly asian area, with 50.8% of the population identifying as asian. The asian population has grown by 7.6% in the last 5 years. The second most common race or ethnicity in La Palma, CA is white, making up 24.1% of the population. Foreign-born residents account for 36.9% of the population in La Palma, CA, and this percentage has increased by 5.1% 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 | 24.1% | -6.2% |
% Black | 3.4% | -40.4% |
% Hispanic | 17.2% | -1.1% |
% Asian | 50.8% | 7.6% |
% Foreign Born | 36.9% | 5.1% |
Mortgage and Risk — La Palma, CA
According to HUD data as of 2023, there were 145 mortgage originations in La Palma, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in La Palma, CA. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — La Palma, CA
As of 2024, the percent of homes in La Palma, CA under the Section 8 program is 4.4%. 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 La Palma, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 77 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,800 | $2,270 |
| 2 Bedroom | $300 | $2,380 | $2,680 |
| 3 Bedroom | -$570 | $4,200 | $3,630 |
| 4 Bedroom | -$570 | $4,900 | $4,330 |
Affordability — La Palma, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $1,154,000 |
| Median Household Income | $112,000 |