Home Prices in L.A.’s Silver Lake Up 37% in 5 Years

silverlake Home Prices

For dedicated L.A. Westsiders for whom venturing east of Highland Avenue constitutes an urban adventure at best, and risky business at worst, Silver Lake remains the new frontier. But this boho enclave — long considered a haven for gay culture, ethnic diversity and alternative nightlife — is enjoying a bit of a renaissance. Fans of “Portlandia” will recognize similar inhabitants, and the area’s desirability is becoming more attractive to potential buyers across the income spectrum.

According to Trulia.com, sales prices have appreciated 37.5% over the past five years in the neighborhood situated in the shadow of Downtown, while the median sales price of $825,000 is 50% higher than Los Angeles overall.

 

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