Downtown LA, Los Angeles, CA—90015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown LA, Los Angeles, CA
As of Oct '25, the median home price in Downtown LA, Los Angeles, CA is $619,000, with a year-over-year change of -7.0%. This indicates that home prices in Downtown LA, Los Angeles, CA are decreasing. 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 | $619,000 | -7.0% |
| Single Family | $838,000 | -3.2% |
| Condos | $596,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $534,000 | -7.6% |
2 Bed | $782,000 | -6.3% |
3 Bed | $1,025,000 | -4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown LA, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Downtown LA, Los Angeles, CA is $3,280, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Downtown LA, Los Angeles, CA is studios: $1,900, 1-bedrooms: $3,030, 2-bedrooms: $5,370, 3-bedrooms: $5,450. The most common rental property sizes in Downtown LA, Los Angeles, CA are studio and 1-bedroom, accounting for 45.5% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,280 |
| Studio Rent | $2,050 | $1,900 |
| 1 Bed Rent | $2,940 | $3,030 |
| 2 Bed Rent | $4,500 | $5,370 |
| 3 Bed Rent | $5,000 | $5,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown LA, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown LA, Los Angeles, CA is 72. 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $685,000 | -8.0% |
Listing Count | 93 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 72 | 4.0% |
Demographics — Downtown LA, Los Angeles, CA
As of the latest ACS Survey released in 2023, Downtown LA, Los Angeles, CA has a population of 25,300, which has increased by 15.9% over the past 5 years. Downtown LA, Los Angeles, CA is a less popular place for families, as children make up 13.1% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | 15.9% |
% Under 18 | 13.1% | -34.2% |
% Seniors | 9.7% | 22.8% |
% WFH | 22.3% | 201.4% |
% w/ College Degree | 47.8% | 29.5% |
As of the latest ACS Survey released in 2023, Downtown LA, Los Angeles, CA is a predominantly hispanic area, with 45.3% of the population identifying as hispanic. The hispanic population has shrunk by 28.0% in the last 5 years. The second most common race or ethnicity in Downtown LA, Los Angeles, CA is asian, making up 24.2% of the population. Foreign-born residents account for 44.2% of the population in Downtown LA, Los Angeles, CA, and this percentage has decreased by 2.2% 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 | 16.2% | 31.7% |
% Black | 9.4% | 38.2% |
% Hispanic | 45.3% | -28.0% |
% Asian | 24.2% | 43.2% |
% Foreign Born | 44.2% | -2.2% |
Mortgage and Risk — Downtown LA, Los Angeles, CA
According to HUD data as of 2023, there were 56 mortgage originations in Downtown LA, Los Angeles, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Downtown LA, Los Angeles, CA. Investor activity is low, as 9.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 9.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown LA, Los Angeles, CA
Downtown LA, Los Angeles, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 927 |
Total Units Section 8 | 754 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,940 | $3,120 |
| 2 Bedroom | -$560 | $4,500 | $3,940 |
| 3 Bedroom | $10 | $5,000 | $5,010 |
| 4 Bedroom | N/A | N/A | $5,550 |
Affordability — Downtown LA, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.3 |
| Median Home Price | $619,000 |
| Median Household Income | $63,200 |