Los Angeles, CA - Real Estate

The well-known Beverly Hills is a city found in Loshousehold median income than Beverly Hills. The
Angeles County, California. The city and adjacentcity's average household income, a bit more than
West Hollywood are both entirely surrounded by71,000 dollars, is only 18,000 dollars greater than
the city of LA. The area's wealthiestthe county average.
neighborhoods, comprising the most expensiveCurrently, Beverly Hills possesses the most costly
real estate in the U.S., include Beverly Hills and thehousing market in the United States, for the
neighborhoods of Bel-Air and Holmby Hills.second year in a row with a median home cost
One of the most well known features of Beverlyof 2.21 million dollars.
Hills is the Sunset Strip, which is shared withThe median household income for the city was
nearby West Hollywood, on the illustrious Sunsetnearly 71,000, about average for an upper-middle
Blvd. Other main roads include Wilshire Blvd andclass suburb and near to the median for the city
Santa Monica Blvd. A couple of the shoppingof San Jose, situated in the same State.
streets are Beverly Drive and Rodeo Drive.However, the median cost for an owner-occupied
Coldwater Canyon Drive is the main roadhouse exceeds one million dollars. The reason for
connecting Beverly Hills to the San Fernandothis is the unusually large proportion of renters in
Valley.the city. So many renters live in Beverly Hills that
Everyone in Beverly Hills is not wealthy, aspersons who own homes are not the majority.
portrayed by Hollywood. Though some of theRenter-occupied homes comprise 56.6 percent of
most spacious mansions in Los Angeles Countythe city's residences and the median household
are within its limits, these homes make up onlyincome for these housing units is a bit below
about 10 percent of the city. The remaining50,000 dollars, just a little above average for the
residences include small duplex rental units andentire United States. The median household
detached homes of less than 3,000 square feet.income for an owner-occupied housing unit is
Several areas within Los Angeles County are125,000 dollars.
more consistently wealthy and have a higher