La Mirada, CA—90638
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Mirada, CA
As of Oct '25, the median home price in La Mirada, CA is $855,000, with a year-over-year change of -0.6%. This indicates that home prices in La Mirada, CA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $855,000 | -0.6% |
| Single Family | $868,000 | -0.8% |
| Condos | $582,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $429,000 | -1.2% |
2 Bed | $600,000 | 1.0% |
3 Bed | $840,000 | -1.1% |
4 Bed | $914,000 | -0.1% |
| 5 Bed | $1,125,000 | 0.5% |
% of Housing Stock
Rental Trends — La Mirada, CA
As of July '25, Rentcast reports the average rent in La Mirada, CA is $3,720, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in La Mirada, CA is studios: $2,000, 1-bedrooms: $2,040, 2-bedrooms: $2,910, 3-bedrooms: $3,960, 4-bedrooms: $4,460. The most common rental property sizes in La Mirada, CA are 3-bedroom and 1-bedroom, accounting for 32.3% and 20.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,900 | $3,720 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,100 | $2,040 |
| 2 Bed Rent | $2,950 | $2,910 |
| 3 Bed Rent | $3,950 | $3,960 |
| 4 Bed Rent | $4,400 | $4,460 |
% of Rental Stock
Property Listings — La Mirada, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in La Mirada, CA is 46. 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $880,000 | 4.0% |
Listing Count | 72 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 46 | 34.0% |
Demographics — La Mirada, CA
As of the latest ACS Survey released in 2023, La Mirada, CA has a population of 45,700, which has decreased by -7.4% over the past 5 years. La Mirada, CA is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 39.6% 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 | 45,700 | -7.4% |
% Under 18 | 19.6% | 3.7% |
% Seniors | 20.9% | 24.4% |
% WFH | 12.8% | 146.2% |
% w/ College Degree | 39.6% | 27.3% |
As of the latest ACS Survey released in 2023, La Mirada, CA is a predominantly hispanic area, with 46.0% of the population identifying as hispanic. The hispanic population has grown by 9.8% in the last 5 years. The second most common race or ethnicity in La Mirada, CA is white, making up 25.6% of the population. Foreign-born residents account for 26.9% of the population in La Mirada, CA, and this percentage has increased by 12.1% 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 | 25.6% | -22.4% |
% Black | 2.0% | -4.8% |
% Hispanic | 46.0% | 9.8% |
% Asian | 22.9% | 13.4% |
% Foreign Born | 26.9% | 12.1% |
Mortgage and Risk — La Mirada, CA
According to HUD data as of 2023, there were 538 mortgage originations in La Mirada, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in La Mirada, CA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 538 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — La Mirada, CA
As of 2024, the percent of homes in La Mirada, CA under the Section 8 program is 5.7%. 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 Mirada, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 197 |
Total Units Section 8 | 197 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $2,100 | $2,350 |
| 2 Bedroom | $20 | $2,950 | $2,970 |
| 3 Bedroom | -$180 | $3,950 | $3,770 |
| 4 Bedroom | -$210 | $4,400 | $4,190 |
Affordability — La Mirada, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $855,000 |
| Median Household Income | $111,000 |