What Kind Of Home Does $500K Get You In LA?

Half a million is now about the median price of a home in Los Angeles. So what can you get for this price? Not much, it turns out.

1 minute read

November 14, 2005, 7:00 AM PST

By Chris Steins @planetizen


"Nowadays, $500,000 is right around the median price of a home in the county â€" and buyers in that range know all too well that the middle of the road is not an easy place to be. In many neighborhoods, it buys only a starter home or condominium, and the competition for those properties is strong.

...Although it had been spruced up, the 82-year-old home was a bit worn, the bedrooms were small and the outside was painted an arresting shade of red approaching the color of pomegranate juice. The asking price for the 1,080-square-foot home was $485,000."

Sunday, November 13, 2005 in The Los Angeles Times

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 18, 2025 - Diana Ionescu

Rendering of Shirley Chisholm Village four-story housing development with person biking in front.

San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning

SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.

June 8, 2025 - Fast Company

Woman and young girl looking at subway map, woman pointing.

Can We Please Give Communities the Design They Deserve?

Often an afterthought, graphic design impacts everything from how we navigate a city to how we feel about it. One designer argues: the people deserve better.

June 9, 2025 - John Pobojewski

Map of EV charging ports in rural U.S. communities.

The EV “Charging Divide” Plaguing Rural America

With “the deck stacked” against rural areas, will the great electric American road trip ever be a reality?

June 20 - The Daily Yonder

Google street view of Bedford Avenue in Brooklyn with pedestrians crossing a crosswalk and cyclist in the bike lane.

Judge Halts Brooklyn Bike Lane Removal

Lawyers must prove the city was not acting “arbitrarily, capriciously, and illegally” in ordering the hasty removal.

June 20 - StreetsBlog NYC

Close-up of cracked and damaged two-lane roadway with double yellow stripes on a bright sunny day.

Engineers Gave America's Roads an Almost Failing Grade — Why Aren't We Fixing Them?

With over a trillion dollars spent on roads that are still falling apart, advocates propose a new “fix it first” framework.

June 19 - Transportation for America