Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-13-2010, 03:21 PM
 
6 posts, read 10,779 times
Reputation: 15

Advertisements

I really want to move out of our rental, but most areas in Los Angeles County seem overpriced.

What, if any, neighborhoods in greater LA county are priced near rental parity?
Reply With Quote Quick reply to this message

 
Old 10-13-2010, 03:29 PM
 
Location: Living on the Coast in Oxnard CA
16,289 posts, read 32,330,688 times
Reputation: 21891
Here is what you do. Take the yearly cost of rent for a home and multiply that X 15. If the cost of the home is less than that amount you come up with then it is better to buy. Homes in my area can rent for $1,800 or $21,600 a year and up. For a newer home like the kind we are looking to buy they can rent for $2,500 or $30,000 a year and up. The homes we are looking at are selling between $290,000 and $360,000. $30,000 X 15 is $450,000. That being the case it is better to buy. Maybe consider moving to Oxnard?
Reply With Quote Quick reply to this message
 
Old 10-13-2010, 04:22 PM
 
6 posts, read 10,779 times
Reputation: 15
Thanks. If I didn't work near LAX I'd consider Oxnard. But the farthest west I'd consider is Agoura (and even that would be a hellish commute).

Getting home price info is pretty easy thru zillow or redfin. Is there easy way to find home rental prices throughout southern California?
Reply With Quote Quick reply to this message
 
Old 10-13-2010, 04:52 PM
 
Location: South Bay
7,226 posts, read 22,187,529 times
Reputation: 3626
the larger corporate apartment companies tend to list their availabilities at sites like rent.com. however, these apartments also tend to be more expensive than the average apartments in their respective neighborhoods. if you take off 10% or so, that should put you in the ballpark. if you're looking at houses, then you'll have to look at individual listings on craigslist. hotpads.com may also have some other filters that craigslist does not have.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Los Angeles

All times are GMT -6. The time now is 09:03 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top