Real Estate Market

Silver Lake has become one of the most popular and coveted neighborhoods in Los Angeles, especially within the last 10 years. Silver Lake was one of the first prominent neighborhoods in Los Angeles to almost completely gentrify and transform itself into an artistic, higher-end neighborhoods. Many original Spanish bungalows have been revitalized by the locals, and brought back to life. As a result of the improvement of the neighborhood, many newer construction single family homes, apartments, and mixed-use condo developments have

been built within the last 10 years, almost completely redefining the real estate landscape in Silver Lake. The median home value in the area is about $1,200,000, with a median household income level of $73,000. Homes tend to sell very quick in Silver Lake - especially the more "affordable" inventory between $800,000 and $1,200,000. Silver Lake has wonderful neighborhood amenities, bars, and restaurants, and is central to almost every neighborhood east of the 405 freeway. As a result, real estate prices have steadily increased, and inventory tends to sell quick.