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Los Angeles County, CA

RANK #790 / 996  ·  POP 9,936,690  ·  CA

PROJECTED GROWTH: -0.5%

Los Angeles County is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Los Angeles County?

Encompassing 88 incorporated cities, Los Angeles County is a vast and diverse region in Southern California, known for its expansive urban landscape, iconic landmarks like the Hollywood Sign, and a unique blend of cultures. The county stretches from the Pacific coastline, offering beaches in Malibu and Santa Monica, to mountainous areas with hiking and equestrian trails. Its Mediterranean climate provides sunny weather year-round, contributing to its high natural amenity rating. Commute options include an extensive Metro Rail and bus system, Metrolink commuter rail, and various rideshare programs, though traffic congestion remains a significant factor. The Los Angeles Unified School District is one of many public school districts, alongside numerous private institutions.

Life in Los Angeles County is shaped by its diverse communities and economic landscape. The county's economy, approaching $1 trillion, is driven by international trade, entertainment, aerospace, and tourism, with a significant creative economy. While the region added jobs in 2024, residents have expressed dissatisfaction with the rising cost of living, particularly housing. Major investments are flowing into commercial and residential development, as well as the energy sector, contributing to ongoing economic shifts. The county's extensive park system, including 63,000 acres of parks, lakes, and trails, provides abundant outdoor recreation opportunities.

[02] Market Snapshot

Housing Ratio
9.0x

Overvalued relative to economy

GDP Growth
+2.1%

Below national median

Home Prices
-1.1%

Prices declining

Climate & Terrain
10.3

Favorable climate & terrain

Price/Rent
22x

Prices detached from rents

Housing looks overvalued at 9.0x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Los Angeles County U.S. National

The Numbers

DEMOGRAPHICS
Population
9,936,690
-0.83% YoY
Median Household Income
$83,411
Median Home Value
$732,200
-1.13% 12mo
Median Rent
$1,805
Average Annual Pay
$83,554
+3.7% YoY
Employment
4,525,711
+1.2% YoY
Income-to-Home-Value
0.1139
Less affordable than average
Migration Inflow
1.08%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$905,000
Days on Market
63
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
99.4%
Near asking price
Sold Above List
36.5%
Listings w/ Price Drops
18.0%
Building Permits (2024)
19,809
Single-Family Permits
9,106

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,810M
TOTAL
PROJECT AMOUNT STATUS
Eland Solar-plus-Storage Center
Arevon (with LADWP and Glendale Water and Power as off-takers)
$2,000M Operating
Scattergood Generating Station Hydrogen Retrofit (Units 1 & 2)
Los Angeles Department of Water and Power (LADWP)
$800M Under Construction
General Hospital and West Campus Redevelopment
LA County Department of Economic Opportunity (with Charles R. Drew University of Medicine and Science and Century Housing Corporation)
$500M Planned
Humidor Battery Energy Storage System (BESS) Project
Fullmark Energy
$300M Operating
Covina Reliability Project
RWE
$110M Planned
Willowbrook Wellness Campus (Affordable Housing Development)
LA County Department of Economic Opportunity (with Linc Housing, Charles R. Drew University of Medicine and Science and Century Housing Corporation)
$100M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.1% 36 percentile
Population Growth -0.8% 5 percentile
Income Growth +9.2% 67 percentile
Vacancy Rate 1.2% 37 percentile
Home Price Change -1.1% 20 percentile
Rent Growth +0.6% 15 percentile
Price/Rent 22x 4 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Los Angeles County, CA a good place to move to?

Los Angeles County has a Boom Town Index score of 21/100, ranking #790 among 996 U.S. counties. With job growth at +1.2% and a median household income of $83,411, it faces some economic headwinds compared to faster-growing counties.

Is Los Angeles County affordable?

The median home value in Los Angeles County is $732,200 with median rent at $1,805/month. The income-to-home-value ratio is 0.1139, which is less affordable than the national average.

Is Los Angeles County growing or shrinking?

Population growth: -0.8% year-over-year. Job growth: +1.2%. Home values changed -1.1% in the past 12 months.

[08] Similar Metros

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