Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Inglewood and Culver City lead the Los Angeles market for housing price appreciation. According to a new report from Property Shark, the two markets each experienced 60% increase in median home price since 2014. Inglewood, which experienced 63% price growth, was the fastest rising city in the L.A. metro.

“Not exclusively, but new projects, industries and businesses are major drivers for price surging in both Inglewood and Culver City,” Eliza Theiss of Property Shark, tells GlobeSt.com. “Culver City is looking at housing pressure from the arrival of tech and media giants like HBO, Google, Apple, opening up shop in the area, while Inglewood of course is undergoing massive shifts due to the LA Stadium & Entertainment District, the new mass transit developments or the proposed Clippers arena.”

From the report, it seemed that submarkets outside of the urban core were seeing the most appreciation. Compton, Lancaster and Palmdale all experienced strong growth as well. While Theiss didn’t want to speculate on the reason, she said that there are an amalgam of factors driving growth in these markets. “There are a lot of factors at hand, from investment injections in specific non-core areas, to sociological changes, affordability concerns—one might want to live within the core, but if they can’t afford it, they’re going to buy somewhere else—and probably mass transit developments as well,” she says. “Also, as Metro L.A. keeps growing, and there is more and more need for housing, according to some sources, the area will need 2 million or even more housing units be that condo, apartment or single-family detached to keep up with population/consumer demand.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


GlobeSt. Multifamily Fall 2022Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.