Real Estate Market Update for 90003 (Los Angeles, CA)

Video: Real Estate Community Tour for 90003 (Los Angeles, CA)

See Real estate community tour for 90003 (Los Angeles, CA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 35% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 23%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 270-thousand dollars. The number of units sold increased 60% year-over-year, and increased 60% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 90003 (Los Angeles, CA)
Area Information for 90003 (Los Angeles, CA)
  • Population: 66,928
  • Median Age: 26.23 yr
  • Median Commute Time: 29.31 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 18,846/sq mi
  • Population Change Since 2000: 13.86%
  • Closest Airport: Los Angeles International
  • Closest College: Charles R Drew Univ Of Medicine-science
  • Closest Jr. College: Los Angeles Southwest College
  • Median Household Income: $30,495
  • Annual Residential Turnover: 19.78%
  • Median Years in Residence: 2.68 yr
  • Median Home Sales Price: $188,000
  • Closest Major Sports Team: Los Angeles Kings
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 90003 (Los Angeles, CA)
Median Age: 26.23 Married: 17% Number of Households: 15,853 Households with Children: 9,973
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 90003 (Los Angeles, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Heavenly Vision Education 0.3 mi Private PRESCHOOL-K 0 0
      Family Gathering Basic Christian Educ Prep School 0.3 mi Private K-12 0 0
      Hope (john) Continuation 0.4 mi Public 9-12 0 0
      John C. Fremont Community Adult 0.4 mi Public - 0 0
      Fremont (john C.) Senior High School 0.4 mi Public 9-12 2 2
      South Park Elementary 0.4 mi Public K-6 1 3
      Seventy Fifth Street Elementary 0.5 mi Public PRESCHOOL-6 1 0
      Mother Of Sorrows Elementary 0.5 mi Catholic PRESCHOOL-8 0 3
      Pathways Community 0.6 mi Public 9-12 0 0
      Academy For Multilingual Arts And Science At Mervyn M. Dymally High 0.6 mi Public 9-12 0 0
      Dr Owen Lloyd Knox Elementary 0.7 mi Public K-6 1 0
      Bethune (mary Mcleod) Middle School 0.9 mi Public 7-8 1 3
      Teach Academy Of Technologies 0.9 mi Public 5-8 0 0
      Ninety Third Street Elementary 0.9 mi Public PRESCHOOL-6 1 3
      Sixty Sixth Street Elementary 1.0 mi Public PRESCHOOL-6 1 2
      Watts Learning Center 1.1 mi Public K-5 3 4
      St Columbkille Elementary 1.1 mi Catholic PRESCHOOL-8 0 5
      Barrett (charles W.) Elementary 1.3 mi Public PRESCHOOL-5 1 4
      Sixty First Street Elementary 1.5 mi Public PRESCHOOL-6 2 5
      Sheenway School And Culture Center 1.5 mi Private 1-3 0 0
      Aspire Inskeep Academy Charter 1.5 mi Public K-6 0 0
      Rdb Academy 1.7 mi Private K-10 0 3
      One Hundred Seventh Street Elementary 1.8 mi Public PRESCHOOL-5 0 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 90003 (Los Angeles, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.