Real Estate In Los Angeles, Ca

Beverly Hills is a city located in Los Angeles County, California. The city and adjacent West Hollywood are both entirely surrounded by the city of Los Angeles. The area's wealthiest neighborhoods, comprising the most expensive real estate in the U.S., include Beverly Hills and the neighborhoods of Bel-Air and Holmby Hills.

One of the most famous features of Beverly Hills is the Sunset Strip, which is shared with nearby West Hollywood, on the illustrious Sunset Blvd. Other main roads include Wilshire Blvd and Santa Monica Blvd. Two of the shopping streets are Beverly Drive and Rodeo Drive. Coldwater Canyon Drive is the main road from Beverly Hills to the San Fernando Valley.


Every single person in Beverly Hills is not wealthy, as portrayed by Hollywood. Though some of the largest mansions in Los Angeles County are within its area, these homes make up only about 10 percent of the city. The rest of the residences include small duplex rental units and detached homes covering less than 3,000 square feet. Several areas within Los Angeles County are more uniformly wealthy and have a higher household median income than Beverly Hills. The city's average household income, a little more than 71,000 dollars, is merely 18,000 dollars greater than the county average.

Currently, Beverly Hills has the most costly housing market in America, for the second year in a row with a median home cost of 2.21 million dollars.

The median household income for the city was nearly 71,000, about average for an upper-middle class suburb and near to the median for the city of San Jose, situated in the same State. However, the median cost for an owner-occupied house exceeds one million dollars. The underlying reason for this is the unusually large proportion of renters in the city. So many renters live in Beverly Hills that persons who own homes are not the majority. Renter-occupied housing comprises 56.6 percent of the city's residences and the median household income for these housing units is just under 50,000 dollars, just a bit above average for the entire United States. The median household income for an owner-occupied housing unit in Beverly Hills is 125,000 dollars.

By: Matthew Paolini

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Matt Paolini is a real estate writer for CityBook, the family-safe Online Yellow Pages, which carries an extensive directory on Los Angeles developers and subdividers.