Located just 7 miles from busy downtown Los Angeles is the city South Gate, which is one of the southeastern Gateway Cities in Los Angeles County. The 2010 Census of Population and Housing reported there were 94,396 residents, slightly lower than the city's population in 2000. The overall population of California grew 10 percent during those years, totaling over 37 million residents in 2010.
The data shows there were 24,160 housing units in South Gate, of which 45.8 percent were occupied by owners and 54.2 percent were rentals. The median value of owner-occupied homes between 2006 and 2010 was $740,200, higher than the statewide average of $458,500 but comparable to many homes in Los Angeles County. The average rent during the same time was just $938.
The 2010 Census listed the median age of those living in South Gate as around 29, as 31.1 percent of the population was under the age of 18 and only 7 percent of residents were 65 years of age or older.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.