Los Angeles County Real Estate and Livability Trends
Los Angeles County's real estate market is showing intriguing trends with median home values jumping from $441,900 in 2015 to $732,200 in 2022, outpacing both California and the national average. Rising state and local income taxes haven't deterred growth, with taxable income per return climbing to $102,591.12 in 2021. Crime trends are mixed, with burglary and larceny-theft decreasing, but motor... Read more
Los Angeles County Market Trends
Los Angeles County's housing market has experienced substantial growth, with median home values rising from $441,900 in 2015 to $732,200 in 2022, outpacing both California's statewide growth and the national average. The area shows robust appreciation, suggesting increased competition and potentially lucrative returns for investors. Notable fluctuations in residential energy tax credits, peaking... Read more
Median Value of Occupied Housing Units in Los Angeles County, California Over the Last 8 Years
Los Angeles County's housing market has experienced a substantial upward trajectory over the past eight years, with median home values rising from $441,900 in 2015 to $732,200 in 2022. This growth significantly outpaces the national average, where figures only moved from $125,500 to $179,400 in the same period, making the area a robust option for property investors. Although California's statewide values also grew, from $385,500 to $659,300, Los Angeles County still shows stronger appreciation. This steep rise implies increased competition and a potentially lucrative return on investment for those entering the market now.
Residential Energy Tax Credit Per Tax Return in Los Angeles County, CA Over the Last 9 Years
Over the last nine years, Los Angeles County has seen notable fluctuations in the average residential energy tax credit per tax return, peaking at $4,192.38 in 2018. The upward trend from 2013 to 2018 highlights significant incentives for energy-efficient home improvements, with recent years stabilizing around $3,000. These figures suggest a strong market for green energy investments, making Los Angeles County a compelling region for those interested in sustainability-focused residential property investments and eco-friendly living.
Average Real Estate Taxes Per Tax Return in Los Angeles County, CA Over the Last 10 Years
Over the past decade, Los Angeles County has seen a consistent rise in average real estate taxes per tax return, climbing from around $5,442.14 in 2012 to approximately $9,913.52 in 2021. This trend hints at increasing property values and possibly a more robust local economy. For potential investors or those looking to establish roots, this growth might suggest higher initial costs but also stronger long-term property appreciation.
Percentage of Farm Returns in Los Angeles County, CA Over the Last 10 Years
Over the last decade in Los Angeles County, California, the percentage of farm returns has shown a slight overall decrease, reflecting a trend from approximately 0.06% in 2012 to around 0.04% in 2021, with a mild uptick in the final year. Farm tax returns are essentially reports filed by farming businesses or individuals to declare farm income, expenses, and taxes. This downward trend could suggest a waning agricultural presence, potentially impacting property development and investment opportunities for those interested in the region's rural economy.
Number of Mortgages by Occupancy Type in Los Angeles County, CA Over the Last 5 Years in Los Angeles County
Los Angeles County, California, has experienced a notable shift in the types of property mortgages over the past five years. While the number of principal residence mortgages initially surged, particularly in 2020 and 2021, there has been a significant decline in 2022. Investment property mortgages saw a peak in 2021 before falling sharply in 2022. Second residence mortgages have remained relatively low and stable. Shifts in occupancy type can be particularly impactful for investors, as trends toward fewer investment and second residence mortgages could signal changing market dynamics or buyer preferences. These trends might affect property values, rental markets, and insurance rates, offering crucial insights for anyone involved in the real estate market, from appraisers to potential buyers.
Economic Outlook
Los Angeles County's real estate market is showing promising trends with the average taxable income per tax return rising from $64,496.36 in 2013 to $102,591.12 in 2021, indicating strong economic growth that appeals to investors and developers. Simultaneously, the county has experienced an increase in state and local income taxes, which rose from $13,026.59 in 2012 to $34,393.11 in 2021, suggesting a growing tax burden for residents. Despite higher taxes, the percentage of residents living... Read more
Average Taxable Income per Tax Return in Los Angeles County, CA over the last 9 years
Over the past nine years, Los Angeles County has seen a significant increase in average taxable income per tax return, rising from $64,496.36 in 2013 to $102,591.12 in 2021. This upward trend highlights the county's economic growth, making it an attractive destination for investors, new residents, and real estate developers. The spike in income also signifies stronger consumer spending power, which can stimulate local businesses and foster a vibrant community.
Average State and Local Income Taxes Per Tax Return in Los Angeles County, CA Over the Last 10 Years
Over the past decade, Los Angeles County has seen a significant increase in state and local income taxes per tax return, rising from $13,026.59 in 2012 to $34,393.11 in 2021. This sharp uptick, especially pronounced since 2017, suggests a rapidly increasing tax burden on residents, highlighting the importance for potential movers and current residents to closely evaluate the financial implications of living in this area.
Average Total Tax Liability Per Tax Return in Los Angeles County, CA Over the Last 10 Years
Over the past decade, Los Angeles County, California has seen a significant rise in average tax liability per tax return, climbing from $13,398.02 in 2012 to $21,279.78 by 2021. This steady increase underscores a growing fiscal responsibility among residents and reflects broader economic trends in the region. These figures are relevant for prospective investors and property developers, suggesting a robust economic environment, while potential new residents might anticipate higher tax obligations as part of the area's overall cost of living.
Cost of Living in Los Angeles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,888 | $1,560 | $1,520 | $2,578 | $2,441 |
| 1 adult 4 children | $2,888 | $1,274 | $1,173 | $2,578 | $2,614 |
| 2 adults 3 children | $2,888 | $1,275 | $1,313 | $2,578 | $2,192 |
| 1 adult 3 children | $2,888 | $1,041 | $966 | $2,578 | $2,424 |
| 2 adults 2 children | $2,222 | $1,043 | $1,107 | $2,262 | $1,615 |
| 1 adult 2 children | $2,222 | $779 | $760 | $2,262 | $1,831 |
| 2 adults 1 child | $2,222 | $825 | $900 | $1,236 | $1,228 |
| 1 adult 1 child | $2,222 | $533 | $553 | $1,236 | $1,269 |
| 2 adults | $1,747 | $663 | $694 | $0 | $806 |
| 1 adult | $1,534 | $361 | $347 | $0 | $766 |
Safety trends & Data
Over the past five years, Los Angeles County has experienced significant shifts in property crime, with burglary decreasing from 9,892 instances in 2018 to 5,356 in 2022 and larceny-theft also trending downward. However, motor vehicle theft and arson have shown an upward trajectory, especially with arson cases spiking to 475 incidents in 2022. These crime trends could potentially affect property values, insurance premiums, and assessments, making them key factors for investors, homeowners, and... Read more
Property Crime Trends in Los Angeles County, CA Over the Last 5 Years
Over the past five years, Los Angeles County has seen notable fluctuations in property crime trends. Burglary and larceny-theft have generally decreased, with burglary dropping from 9,892 instances in 2018 to 5,356 in 2022, while larceny-theft saw a similar downward trend. Interestingly, motor vehicle theft and arson showed an uptick, with arson cases particularly spiking in 2022 at 475 incidents. These dynamics could impact property values, insurance premiums, and assessments, making it crucial for potential investors, homeowners, and real estate professionals to keep an eye on these trends.
Demographics
Los Angeles County reflects a nuanced blend within its demographics. The adult population is fairly split between males and females, with females perhaps having a slight edge. Educationally, the county has a high concentration of individuals with bachelor’s degrees, pointing to a well-educated workforce. Age distribution skews toward the younger and middle-age brackets, particularly those between 25 to 34 years, suggesting a dynamic, working-age population. Racial diversity is evident, with a... Read more
Race Distribution in Los Angeles County, California (2022)
Educational Attainment in Los Angeles County, California (2022)
Age Distribution in Los Angeles County, California
Citizen Population in Los Angeles County, California (2022)
Political Trends & Data
In Los Angeles County, Democratic candidates appeared to dominate with nearly 71% of the votes, hinting at a strong liberal inclination. Republicans attracted around 27%, pointing to a solid yet smaller conservative base. Alternative parties like the Libertarian and Green seemed to struggle for traction, collectively drawing less than 2%, which could suggest limited third-party appeal in this major Californian... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Los Angeles County, Democratic candidates seemed to perform notably better, capturing nearly 71% of the votes, which might suggest a strong liberal leaning. Republicans garnered roughly 27%, indicating a significant but smaller base. Votes for Libertarian, Green, and other parties were minimal, collectively making up less than 2% of the total, potentially underscoring a lack of third-party traction in this heavily populated California county.
26.86% of voters voted for the Republican party in the 2020 Presidential Election
71.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.83% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Green party in the 2020 Presidential Election
0.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Los Angeles County has seen a steady decline in its student-to-teacher ratio from 23.84 in 2014 to 20.78 in 2023, which might signal improving education quality. This trend could make the area more attractive to families, particularly those prioritizing education, as it suggests better individual attention for students. Investors and real estate agents may view this as an indicator of potential growth in demand for housing, while insurance agents could see a stable or growing client base within... Read more
Student-to-teacher ratio in Los Angeles County, California over the last 9 years
Over the last nine years, Los Angeles County, California has seen a gradual decline in its student-to-teacher ratio from 23.84 in 2014 to 20.78 in 2023. This shift brings the county closer to the national average, which currently stands at 14 students per teacher, though a significant gap remains. Investors, appraisers, and real estate agents might find this data indicative of improving education quality, potentially making the area more attractive to families. Lower student-to-teacher ratios could suggest better individual attention for students, which is an appealing factor for those planning to move to or build property in the region. For insurance agents, a well-regarded school system might predict a stable or growing client base within the community.
