The story of this market
The typical home in ZIP 90015 sells for about $613,421, or $613 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,426 a month.
ZIP 90015 — Los Angeles
The 90015 housing market is currently experiencing a buyer-favorable environment with a median home value of $613,421 and a year-over-year price decline of 5.7%. High inventory levels relative to sales volume and a significant renter-occupied base are driving market dynamics. While the area benefits from strong urban amenities, the current market index reflects a neutral to buyer-leaning sentiment.
This ZIP is primarily suited for urban professionals, commuters, and investors who prioritize proximity to the Downtown Los Angeles employment core and entertainment districts over traditional suburban housing.
Median prices moved down 5.7% year over year.
Homes spend a median of 44 days on market with 8.6 months of supply — a balanced-paced market.
10% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 22.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 90015, Los Angeles County, CA
The area is served by the Los Angeles Unified School District, with schools in the vicinity generally receiving mixed performance ratings.
The area is subject to standard urban hazard risks including seismic activity common to the Los Angeles basin; insurance availability is increasingly constrained by regional wildfire and climate-related underwriting shifts.
The ZIP is located in the South Park and Downtown Los Angeles core, benefiting from proximity to major sports and entertainment venues like Crypto.com Arena and the Los Angeles Convention Center.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%). County (Los Angeles County, California) — County Assessment Roll: Requires all real property to be appraised by the County Assessor to establish an assessed value, which serves as the basis for all property tax levies.
The area is highly transit-oriented with immediate access to the Metro A and E lines and major freeway corridors including the I-10 and I-110.
The ZIP features high walkability with proximity to the Fashion District, South Park Commons, and major entertainment venues like the Crypto.com Arena and L.A. Live.
The rental market is characterized by high density and a significant share of renter-occupied households, with institutional-grade apartment inventory and a strong presence of subsidized housing units.
The economy is anchored by the entertainment, hospitality, and retail sectors, with significant employment density provided by the nearby Downtown Los Angeles business district.
The area is a central hub for the Los Angeles Metro rail system, providing extensive connectivity to the broader Southern California region.
The area is subject to ongoing high-density residential and mixed-use development projects aimed at increasing housing supply in the urban core.
The Los Angeles County Assessor manages property valuations, applying the state-mandated Proposition 13 assessment caps.
Parcels are subject to standard municipal services and the Los Angeles Unified School District tax levies.
Property insurance premiums are influenced by regional urban risk factors and the high density of the built environment.
Data retrieved from data.census.gov ZCTA 90015 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Major multi-purpose arena hosting professional sports and concerts.
Mixed-use entertainment complex with theaters, restaurants, and museums.
Extensive wholesale and retail apparel hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.