If there’s one thing everyone knows about Los Angeles, it’s that it’s pricey. Homes here often go for over a million dollars, even when they’re smaller than what you’d get for under two hundred thousand dollars in other places.
If you’re moving from another city and wondering about affordable San Leandro apartments in California, and don’t want to spend a fortune on a one-bedroom home, here are some neighborhoods to consider:
Average home value: $160,000
Average household income: $50,000
This neighborhood is one of the most well-known in LA. It’s ideally located—not too far from the city center but close enough for work. This area offers clean air and plenty of walking and hiking trails, without the need for a long drive.
Average home value: $285,000
Average household income: $54,000
La Puente is a small suburb in the downtown area of LA. Although it’s busy and noisy most of the day, many people rely on public transportation because it’s reliable and easy to access. Since the income is relatively low compared to the home values, most people opt to rent apartments instead of buying homes here.
Average home value: $208,000
Average household income: $38,300
Located just outside the city, this area is popular with younger residents. Most people here are under 30 and are early in their careers. Many households have four or more people, often due to shared living situations and roommates.
Average home value: $295,000
Average household income: $72,235
This amazing suburb is about twenty minutes from downtown LA and less than fifteen minutes from LAX. With plenty of amenities for sports and movie lovers, plus easy access to rideshare services, you can get in and out of the city whenever you want. However, the average resident spends 32% of their income on housing, making it less affordable for some.
Average home value: $350,000
Average household income: $166,000
This is the priciest neighborhood on the list, partly because of its tech and media professionals. It offers fun perks like golf and the Palmdale Amphitheater. While residents here spend only 24% of their income on housing on average, it’s still recommended to have a roommate or partner to share costs.
While Los Angeles is known for being expensive, there are more affordable areas. Take the time to look around, and you might just find a home that fits your budget.