The cheapest places to buy a home in Los Angeles in 2023
Residents can find more affordable housing in 10 cities within a 30-minute drive of downtown Los Angeles. A view of Los Angeles. (CHRIS DELMAS/AFP via Getty Images)
Los Angeles, California is an iconic city in the United States. It is the hometown of Hollywood landmarks and many celebrities. It is also the “City of Angels” where 4 million people live. However, it is not easy to live in this city, and housing prices are so expensive that many people cannot afford it. Then you might as well drive a little outside of the city of Los Angeles to find cheaper housing prices in surrounding cities.
The median home price in Los Angeles is about $950,000, according to real estate online company Redfin. In August, the median house price across the United States was about $430,000.
Even if they live in rented houses, the pressure on ordinary people is not small. According to the latest report by HouseCanary, a national real estate brokerage company, in the first half of 2022, rents in some cities in the Los Angeles area will be the most expensive in the United States, with a median monthly rent of $4,664.
Los Angeles has become one of the cities Americans most want to leave due to high housing costs and poor affordability. For people who continue to live and work in Los Angeles, they can find more affordable housing in 10 cities within a 30-minute drive from downtown Los Angeles.
Buy a home in Los Angeles
1) Baldwin Park, with a median home price of $643,000
With a median home price nearly $300,000 less than the city of Los Angeles, Baldwin Park topped Redfin’s list of the most affordable suburbs in Los Angeles. The city is 18 miles from Los Angeles, about a 20-minute drive in clear traffic.
2) Montebello, with a median home price of $650,000
About 10 miles from downtown Los Angeles is the city of Montebello, home to about 63,000 residents. Montebello’s median home price of $650,000 is a good option for those who want to stay close to Los Angeles without paying expensive housing prices, according to Redfin.
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3) Norwalk, with a median home price of $707,500
Norwalk is about 17 miles from downtown Los Angeles. The city is home to the “D.D. Johnston-Hargitt House Museum,” according to Redfin. Living there, you can explore local history and art in your free time.
4) Bellflower, with a median home price of $722,500
Bellflower, No. 4 on Redfin’s list of the “10 Most Affordable Los Angeles Suburbs,” is almost $230,000 cheaper than Los Angeles. There are many Southern California attractions in the local area, such as Hollywood Competitive Paintball Soft Gun Park, Los Angeles County Fire Museum and so on.
Buy a home in Los Angeles
5) Pico Rivera, $737,500 median home price
Pico Rivera is about 12 miles from Los Angeles. According to Redfin, in addition to parks and museums, the El Festival Colombian is held every year.
6) Whittier, with a median home price of $756,000
Whittier is about 20 miles from downtown Los Angeles. The local population is about 87,300.
7) Downey, $830,000 median home price
Downey, about 12 miles from Los Angeles, is home to the Columbia Memorial Space Center, a science museum.
8) Alhambra, $803,000 median home price
Alhambra is one of the central cities with a high density of Chinese in Southern California, only 9 miles away from downtown Los Angeles. The local bustling commercial street brings together all kinds of delicacies.
9) Lakewood, with a median home price of $815,000
Lakewood City is the furthest city from downtown Los Angeles on Redfin’s list of suburbs, about 22 miles away.
10) Monterey Park, $895,000 median home price
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