Koreatown, Los Angeles, CA—90020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Koreatown, Los Angeles, CA
As of Oct '25, the median home price in Koreatown, Los Angeles, CA is $689,000, with a year-over-year change of -5.0%. This indicates that home prices in Koreatown, 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 | $689,000 | -5.0% |
| Single Family | $3,713,000 | -1.5% |
| Condos | $549,000 | -7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $410,000 | -8.3% |
2 Bed | $605,000 | -7.5% |
3 Bed | $913,000 | -4.5% |
4 Bed | $3,300,000 | -0.9% |
| 5 Bed | $5,095,000 | -0.6% |
% of Housing Stock
Rental Trends — Koreatown, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Koreatown, Los Angeles, CA is $2,050, with a year-over-year rent change of -13.5%. Per bedroom, the median rent as of July '25 in Koreatown, Los Angeles, CA is studios: $1,540, 1-bedrooms: $1,890, 2-bedrooms: $2,940, 3-bedrooms: $3,890. The most common rental property sizes in Koreatown, Los Angeles, CA are 1-bedroom and studio, accounting for 44.5% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,050 |
| Studio Rent | $1,550 | $1,540 |
| 1 Bed Rent | $1,900 | $1,890 |
| 2 Bed Rent | $2,800 | $2,940 |
| 3 Bed Rent | $3,950 | $3,890 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Koreatown, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Koreatown, Los Angeles, CA is 69. This is a increase of 27.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $665,000 | -19.0% |
Listing Count | 61 | 30.0% |
| Listings as % of Homes | 0.1% | 30.0% |
Days on Market | 69 | 27.0% |
Demographics — Koreatown, Los Angeles, CA
As of the latest ACS Survey released in 2023, Koreatown, Los Angeles, CA has a population of 38,400, which has decreased by -1.9% over the past 5 years. Koreatown, Los Angeles, CA is a moderately popular place for families, as children make up 16.4% of the population. The area has a highly educated workforce, with 46.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | -1.9% |
% Under 18 | 16.4% | -8.9% |
% Seniors | 11.6% | 23.4% |
% WFH | 14.4% | 234.9% |
% w/ College Degree | 46.0% | 10.8% |
As of the latest ACS Survey released in 2023, Koreatown, Los Angeles, CA is a predominantly asian area, with 44.2% of the population identifying as asian. The asian population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Koreatown, Los Angeles, CA is hispanic, making up 34.6% of the population. Foreign-born residents account for 53.4% of the population in Koreatown, Los Angeles, CA, and this percentage has decreased by 10.9% 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 | 11.6% | -6.5% |
% Black | 5.9% | -9.2% |
% Hispanic | 34.6% | 10.2% |
% Asian | 44.2% | -3.5% |
% Foreign Born | 53.4% | -10.9% |
Mortgage and Risk — Koreatown, Los Angeles, CA
According to HUD data as of 2023, there were 60 mortgage originations in Koreatown, Los Angeles, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Koreatown, Los Angeles, CA. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Koreatown, Los Angeles, CA
Koreatown, Los Angeles, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 308 |
Total Units Section 8 | 307 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,900 | $2,120 |
| 2 Bedroom | -$130 | $2,800 | $2,670 |
| 3 Bedroom | -$560 | $3,950 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,760 |
Affordability — Koreatown, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.2 |
| Median Home Price | $689,000 |
| Median Household Income | $55,800 |