Los Angeles County has 18 of the nation’s priciest ZIP codes for renters
“How expensive?” tracks measurements of California’s totally unaffordable housing market.
The pain: Los Angeles County is home to 18 of the nation’s 100 priciest ZIP codes for renters.
The source: My trusty spreadsheet reviewed RentHop’s ranking of US communities with the highest median rents — pulled from its pricing database for 2023 through Nov. 15.
The pinch
Rents in these LA neighborhoods average $5,464 for two bedrooms and $3,431 for one bedroom.
Let’s assume a household is spending one-third of its income on these rents, requiring $197,000 in salaries for the larger units and $124,000 for the smaller ones.
Just imagine how those rent checks would translate to a mortgage with a 7.5% rate. A two-bedroom renter could borrow $781,000, and one-bedroom tenant $492,100.
It’s not just renters paying high prices, by the way. Southern California has 33 of the priciest ZIPs in which to own a home.
Pressure points
Santa Monica 90402 is L.A.’s costliest ZIP with $8,500 rent for a two-bedroom unit and $5,198 for one bedroom. That ranked No. 8 nationally. Here are the remaining ZIPs …
Los Angeles 90067: $7,523 for two bedrooms, $3,950 one bedroom. No. 12 nationally.
Malibu 90265: $6,850 for two bedrooms, $5,800 one bedroom. No. 18 nationally.
Los Angeles 90272: $5,998 for two bedrooms, $2,848 one bedroom. No. 42 nationally.
Beverly Hills 90210: $5,950 for two bedrooms, $3,500 one bedroom. No. 45 nationally.
Los Angeles 90077: $5,725 for two bedrooms, $3,000 one bedroom. No. 48 nationally.
Los Angeles 90069: $5,250 for two bedrooms, $3,350 one bedroom. No. 59 nationally.
Los Angeles 90291: $5,250 for two bedrooms, $3,200 one bedroom. No. 60 nationally.
Hermosa Beach 90254: $4,995 for two bedrooms, $2,995 one bedroom. No. 72 nationally.
Los Angeles 90094: $4,900 for two bedrooms, $3,600 one bedroom. No. 74 nationally.
Marina del Rey 90292: $4,846 two bedrooms, $3,164 one bedroom. No. 77 nationally.
Manhattan Beach 90266: $4,800 two bedrooms, $3,300 one bedroom. No. 80 nationally.
Los Angeles 90049: $4,795 two bedrooms, $2,795 one bedroom. No. 83 nationally.
Santa Monica 90405: $4,695 two bedrooms, $2,880 one bedroom. No. 85 nationally.
Santa Monica 90401: $4,600 two bedrooms, $3,074 one bedroom. No. 89 nationally.
Beverly Hills 90212: $4,595 two bedrooms, $2,995 one bedroom. No. 91 nationally.
Los Angeles 90015: $4,575 two bedrooms, $3,000 one bedroom. No. 92 nationally.
Los Angeles 90010: $4,500 two bedrooms, $3,112 one bedroom. No. 95 nationally.
Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com