What Are The 10 Most Affordable Neighborhoods In LA?


Most Affordable Neighborhoods In LA

Los Angeles is known to be one of the most glamorous places on earth and where all the movie stars hang out when not on set. LA continues to drive more and more people to California, searching for work, acting, and living luxuriously. However, it is not known to be the most budget-friendly place on the planet. If you want to move to LA but need something affordable, we have just the list for you.

If you want to live affordably in LA, you need to check out neighborhoods like Hacienda Heights, Rossmoor, and Loma Linda. These are the suburbs of LA with highly-rated school districts. Neighborhoods that follow are areas like Agoura Hills, Charter Oak, and Temple City.

If you are curious to learn about what each neighborhood has to offer, plus a few more communities that are affordable, keep reading. We have conducted thorough research on each place, ensuring that you have all of the best information. Los Angeles is one of the best places you can live, full of opportunities that do not happen anywhere else.

Most Affordable Neighborhoods In LA

The most important thing to remember is that these are affordable neighborhoods. We will look at the median income, median home value, and the average rent in the area. However, we have also taken it one step further and looked at each area’s crime rates so you can stay well informed. Here are the ten places that are the most affordable neighborhoods in LA.

  1. Hacienda Heights
  2. Rossmoor
  3. Loma Linda
  4. Agoura Hills
  5. Charter Oak
  6. Temple City
  7. Monrovia
  8. Santa Fe Springs
  9. San Dimas
  10. Fullerton

Top 10 Affordable Neighborhoods in Los Angeles, CA

1. Hacienda Heights

  • Median Home Income: $85,953
  • Median Home Value: $595,700
  • Median Rent: $1,882

This small neighborhood population is 55,188 and is known to be one of the more affordable areas in LA. You will find that more people choose to own in this neighborhood; in fact, 75% of the people in this area are homeowners, and only 25% are renters. This area is known for really good schools, low crime, and tons of parks for the whole family.

It’s quieter than downtown LA, and for this reason, many families choose to live here. The total crime rate is still 14% higher than the national average, and your chance of being a victim is 1 in 36. This is an area that is safer than other parts of LA.

2. Rossmoor

  • Median Home Income: $127,891
  • Median Home Value: $948,700
  • Median Rent: $2,678

The population of Rossmoor is a lot less than Hacienda Heights. This is a smaller community that is around 11,128 and has a very cozy feeling to it. Most community members love how small and inviting the area is and will always welcome newcomers to the area. You will find that 87% of the people in this area choose to own their homes, and only a tiny 13% choose to rent.

This area’s total crime rate is 58% below the national average, and that’s why many people choose to move here. Your chances of becoming a victim of crime are 1 in 95, and the best news is that crime keeps decreasing in this area! It is truly one of the safest and most affordable places to live in LA.

3. Loma Linda

  • Median Home Income: $55,607
  • Median Home Value: $367,400
  • Median Rent: $1,338

Loma Linda’s nightlife comes highly rated because there are tons of bars and restaurants to keep you occupied and active in the area. On top of that, the schools are rated above average for the LA area. The population is slightly larger than Rossmoor, starting at 24,184, and continues to grow slowly. You will find that this is an area where most people choose to rent because of the income and the price of houses. 62% of the people in the area are renters, while only 38% are homeowners.

People love this quaint town because it is safer than other US cities. The crime rate is 4% above the national average, but your chances of being a victim are 1 in 39. Crime is steadily decreasing in this area.

4. Agoura Hills

  • Median Home Income: $122,998
  • Median Home Value: $815,000
  • Median Rent: $2,529

This is a neighborhood on the edge of LA that is known for its scenic views. If you are looking to stay close to downtown but stay in touch with nature, this is your spot. The population of this area is 20,533 and is steadily growing to bring in new people. You will find that most people in this neighborhood opt to own their homes rather than rent. Only 21% of members in the community choose to rent, while 79% choose to own.

This area has a crime rate that is 36% lower than the national average, which brings people in; there is a sense of safety in this community. Your chance of being a victim is 1 in 63, which makes this place 63% safer than other US cities.

5. Charter Oak

  • Median Home Income: $74,503
  • Median Home Value: $423,400
  • Median Rent: $1,804 

This is a small neighborhood composed of 10,048 and offers residents a suburban feel to the area. It is far enough away from downtown that it doesn’t have LA’s crime rate, and the schools are highly rated in the area. 65% of the people in this community choose to own their houses, while only 35% choose to rent.

Most people choose to live here to commute into the downtown area or drive to hike and enjoy the outdoors. This is not the safest area, but it is safer than other places in LA. The total crime rate is 14% higher than the national average, which means your chance of being a victim of crime in this area is 1 in 36.

6. Temple City

  • Median Home Income: $78,516
  • Median Home Value: $715,300
  • Median Rent: $1,636

Temple City is where many people come to retire in LA. It is small, with only 36,042 residents and most of these people are focused on being super eco-friendly. There are tons of coffee shops and parks to keep you entertained. There are also a handful of cafes and restaurants to keep you active and out of the house. 59% of people here choose to own their homes while only 41% choose to rent.

The area is super diverse, with a healthy mix of young and old. This area has a super low crime rate, one of the lowest on the list. It is 56% below the national average, which means your chance of becoming a victim of crime is 1 in 92. Most of the community will agree this is a safe area to walk through during the day and night.

7. Monrovia

  • Median Home Income: $77,111
  • Median Home Value: $663,400
  • Median Rent: $1,590

Having a slightly higher population, Monrovia has around 36,816 residents that love to call this neighborhood home. Most of the residents here prefer to rent over buying a home. A whopping 53% are renters, while only 47% are homeowners. This is split pretty evenly. Because of that, you will find a diverse mix of people.

The total crime rate in this neighborhood is 3% below the national average, which means your chance of being a victim is 1 in 42. This is not the most dangerous area to live in, but you will still need to take precautions living in this area. Most people in the community find it safe enough to walk around without feeling any kind of worry.

8. Santa Fe Springs

  • Median Home Income: $68,685
  • Median Home Value: $447,400
  • Median Rent: $1,382

This area is quieter than other areas and the perfect place to settle down. It has all of the amenities of the city. There are tons of local shops, cafes, and bars to keep you entertained while living here. The population of Santa Fe Springs is 17,810, which is lower than some others on the list and higher than the first few. It’s a liberal neighborhood with a tight-knit community.

65% of the community is full of homeowners, while only 35% choose to rent. Now, this is a place with one of the highest crime rates on the list. It’s a fun area to live in, but you have to keep your wits about you. This area has a crime rate that is 154% above the national average, which means the chances of you being a victim of crime is 1 in 16.

9. San Dimas

  • Median Home Income: $86,410
  • Median Home Value: $576,800
  • Median Rent: $1,808

In this small neighborhood, everyone knows everyone. There are only 34,048 people in this town, and it makes the neighborhood tight-knit. Most kids will end up in the same school where they can grow their relationships, and people tend to stay in this neighborhood because of how nice it is. Most of the community chooses to own their homes. In fact, a whopping 71% prefer to do so. Only 21% of the community choose to rent out their houses.

The crime rate is slightly higher than others on the list but not super concerning. This area’s crime rate is 7% higher than the national average, and your chance of being a victim is 1 in 38. Most people find this neighborhood to be really comfortable and easy to walk through.

10. Fullerton

  • Median Home Income: $79,978
  • Median Home Value: $650,000
  • Median Rent: $1,669

This is a great area full of bars, thrift stores, and unique, quaint stores. You will find something to do around every corner of this area. This neighborhood by far has the biggest population of 139,611 people.

Though all of these people, the crime rate is only 1% higher than the national average and is decreasing rapidly. Your chance of being a victim in this area is 1 in 40, making it 37% safer than other places in the United States.

Wrapping it Up

If you are curious about learning where the most expensive places are in LA, you should look at homes in Beverly Hills, Malibu Colony, and Serra Retreat. These neighborhoods surrounding LA have homes worth millions of dollars and are for the wealthy. They are fun to sift through but not to buy if you’re adamant about a budget.

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