The story of this market
The typical home in ZIP 90017 sells for about $578,368, or $605 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $2,450 a month.
ZIP 90017 — Los Angeles
The 90017 housing market is characterized by high renter density and a focus on multi-family residential units. Prices have seen a slight year-over-year decline, reflecting broader regional cooling, while inventory remains constrained. The market is driven by its central location and proximity to Downtown Los Angeles employment hubs.
This ZIP is best suited for urban professionals, students, and renters who prioritize proximity to Downtown Los Angeles employment and transit over traditional suburban amenities.
Median prices moved down 1.2% year over year.
Homes spend a median of 58 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 28.7% — 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 4.6%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 90017, Los Angeles County, CA
Crime rates in the Westlake/Downtown area remain elevated compared to the Los Angeles regional average, with property crime being the primary concern for residents.
Public schools serving the area generally receive lower performance ratings compared to the broader Los Angeles Unified School District average.
The area is primarily an urban environment with low wildfire risk, though it faces standard regional earthquake and urban flood risks common to the Los Angeles basin.
The area benefits from proximity to Downtown Los Angeles development, including high-density residential projects and ongoing infrastructure improvements near the financial district.
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.
Residents have excellent access to public transit via the Metro B and D lines, and are centrally located for short commutes to Downtown Los Angeles employment hubs.
The area features proximity to MacArthur Park and various urban pocket parks, with extensive dining and retail options along the Wilshire corridor.
The rental market is highly active with a high concentration of multi-family apartment buildings and significant demand from urban professionals and students.
The economy is driven by proximity to the Downtown Los Angeles financial district, healthcare services, and a high density of retail and service-sector employment.
The area is served by major Metro rail lines and bus corridors, providing high-frequency transit access to the greater Los Angeles region.
Development is heavily focused on high-density residential infill and the conversion of older commercial properties into modern apartment units.
The Los Angeles County Assessor manages property valuations, applying standard state-mandated assessment practices.
Parcels are subject to Los Angeles Unified School District taxes and various municipal utility and flood control assessments.
Property insurance premiums are rising due to regional wildfire and earthquake risk factors, consistent with the broader Southern California market.
Data retrieved from U.S. Census Bureau ZCTA 90017 profiles.
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.
A historic urban park serving as a central green space for the Westlake community.
Major commercial artery featuring diverse international dining and retail options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.