Home prices
Downey's median home price is $569,300. Compared to other places in this area it is approximately $168,980 (42%) higher.Compared to the country as a whole it is approximately $351,800 (161%) higher, and is roughly $67,600 (10%) lower compared to the city of Los Angeles.
Rents
Downey's median rent is $1,462 a month. In comparison to nearby areas this is approximately $122 (9%) higher.It is roughly $400 (37%) higher in comparison to the United States as a whole, and in comparison to the city of Los Angeles it is is very similar.
Nearby places
Bell Gardens
Bell Gardens is Downey's neighbor to the northwest. Real estate prices there are significantly less expensive. The cost of the median home in Bell Gardens is $388,100, which comes out to $181,200 (46%) lower than Downey. Rents there are a little less expensive. In Bell Gardens the median monthly rent is $1,252, which comes out to $210 (16%) lower than Downey.
South Gate
South Gate is Downey's neighbor to the west. Its housing prices are significantly less expensive. The median home in South Gate is valued at $408,200, which works out to $161,100 (39%) lower than Downey. Its rents are a little less expensive. The median monthly rent in South Gate is $1,160, which is $302 (26%) lower than Downey.
Norwalk
Norwalk is Downey's neighbor to the southeast. Its housing prices are somewhat less expensive. The median home cost in Norwalk is $440,800, which is $128,500 (29%) lower than Downey. Its rents are somewhat more expensive. Norwalk's median monthly rent is $1,592, which is $130 (8%) higher than Downey.
Paramount
Paramount is Downey's neighbor to the southwest. The housing prices there are a lot less expensive. The median home cost in Paramount is $343,800, which comes out to $225,500 (65%) lower than Downey. The rent there is a little less expensive. The median rent in Paramount is $1,388 per month, which is $74 (5%) lower than Downey.
Cudahy
Cudahy is about 3 miles northwest of Downey. Its housing prices are substantially less expensive. Cudahy's median home cost is $420,700, which works out to $148,600 (35%) lower than Downey. The rent there is somewhat less expensive. The median rent in Cudahy is $1,306 a month, which works out to $156 (11%) lower than Downey.
