Mortgage Rates in Los Angeles, California: 2026 Guide
Current mortgage rates in Los Angeles, California. Average 30-year fixed: 6.72%. Median home price: $850,000. Los Angeles is the largest city in California and the entertainment capital of the world. The housing market in LA is highly competitive, with demand consistently outpacing supply across most neighborhoods.
Current Mortgage Rates in Los Angeles
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.800% | $4,397/mo |
| 15-Year Fixed | 6.2% | 6.270% | $5,812/mo |
| 5/1 ARM | 6.1% | 6.450% | $4,121/mo |
* Based on a loan amount of $680,000 with 20% down on a $850,000 home. Actual rates vary by lender, credit score, and loan terms.
Median Home Prices in Los Angeles
The median home price in Los Angeles is $850,000, which is above the California state median of $775,000. Home prices in Los Angeles vary significantly by neighborhood, from more affordable areas in the San Fernando Valley to luxury properties in Beverly Hills, Bel Air, and Malibu. The typical down payment of 20% on a median-priced home would be $170,000.
Cost of Living & Property Taxes
California’s effective property tax rate is 0.76%, which is below the national average of 1.1%. For a home priced at $850,000, annual property taxes would be approximately $6,460, or about $538 per month. California’s Proposition 13 caps annual property tax increases at 2%, providing long-term predictability for homeowners.
The cost of living in Los Angeles is significantly higher than the national average, driven primarily by housing costs. However, no state income tax on property gains and relatively low property tax rates help offset some of the higher home prices.
Los Angeles Market Insights
The Los Angeles housing market remains one of the most expensive in the nation, driven by strong demand from entertainment industry professionals, tech workers, and international buyers. Inventory constraints continue to put upward pressure on prices, particularly in desirable coastal neighborhoods like Santa Monica, Venice, and the Westside. Buyers should expect multiple-offer situations and consider getting pre-approved before starting their home search.