Since the early days of Los Angeles, people have wanted to live in the historic neighborhoods of NELA. In a densely populated area where residents are always in the process of coming and going, there are always houses for sale in Echo Park at any given time. Since the early 1920s, real estate here has been in demand and it is today. Why? Let’s take a closer look and see what the numbers say.

This is an eclectic city located in downtown Los Angeles, about ten minutes from downtown. In the center of the city is the famous Echo Park Lake in Elysian Park, which is the site of special events such as the Lotus Festival. It is northwest of Chinatown and downtown, northeast of Westlake and southeast of Silver Lake.

It is divided into four districts.

• Angelino Heights – This area is known for beautiful Victorian homes that are preserved by city ordinances.

• Elysian Heights – This area is historically known for being the home of famous artists, filmmakers, architects, and radical politicians from the counterculture.

• Philippine Historic City – This section is located in the Southwest section.

• Victor Heights – A beautiful area dotted with stucco bungalows and homes that share stunning views of Los Angeles and the Civic Center.

In the four districts, the most common types of housing are Bungalows, Cottages, Victorians and Stuccos. According to the 2000 United States Census, there were 40,455 people there. Spread over 2.4 square miles, there were approximately 16,868 people per square mile. This makes Echo Park one of the highest density areas in Los Angeles County. The median household income was $ 37,708, which is low for Los Angeles County. The median household size was 3.0, which is the county average.

This city has a high walking score of 83/100. This means that most errands can be done on foot within the city. The city’s transit score is 62. This city has good traffic and offers its residents many public transportation options. These include the Metro Red and Metro Purple Line, numerous bus routes, and Relay Rides ride-share options. This city received a bike score of 49 due to the steep hills and minimal bike lanes.

According to Zillow, the median home value in Echo Park is $ 795,100. This value has increased 14.4% since last year and Zillow estimates that it will continue to increase 4.3% to $ 829,000 over the next year. The median home price currently listed is $ 742,450. The median list price per square foot is $ 618, which is higher than the Los Angeles median of $ 451. The median rental price is $ 2,967 per month. Zillow has given Market Health a score of 8.2 / 10, which is very healthy compared to other markets across the country. This is based on a series of metrics that include how fast the houses are selling compared to the previous rate. Echo Park’s prime location and exciting culture will keep the real estate market going for years to come.