Los Angeles, United States
Property prices · 2024 · Americas
Property price trend in Los Angeles (2024–2026)
Property comparison — cities in United States (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Los Angeles |
|---|---|---|---|---|
| Los Angeles | USD 11,500 | USD 7,500 | USD 2,800 | — |
| New York | USD 18,500 | USD 10,500 | USD 3,500 | +60.9% |
| San Francisco | USD 16,800 | USD 9,800 | USD 3,200 | +46.1% |
| Seattle | USD 11,500 | USD 7,200 | USD 2,800 | 0% |
| Boston | USD 10,200 | USD 6,400 | USD 2,600 | -11.3% |
| Washington DC | USD 9,500 | USD 5,900 | USD 2,400 | -17.4% |
| Miami | USD 8,500 | USD 5,500 | USD 2,500 | -26.1% |
| Austin | USD 7,200 | USD 4,500 | USD 1,900 | -37.4% |
| Denver | USD 6,800 | USD 4,200 | USD 1,800 | -40.9% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Los Angeles in 2024?
In Los Angeles, the average price per sqm in the city centre is USD 11,500, and USD 7,500 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Los Angeles in 2024?
A 1-bedroom apartment in Los Angeles rents for approximately USD 2,800 per month in 2024. A 3-bedroom apartment costs around USD 5,200/month.
Is it better to buy or rent in Los Angeles?
Renting is generally more cost-effective in Los Angeles. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in United States in 2024?
The average mortgage rate in United States is approximately 6.80% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Los Angeles?
The average property price per square metre in Los Angeles city centre is USD 11,500 in 2024. Outside the centre, expect to pay around USD 7,500/sqm.