What is the Best Neighborhoods USA ranking for Pico-Union?
Pico-Union is ranked #94 of 94 eligible neighborhoods in Los Angeles; #1,805 of 1,814 eligible neighborhoods in CA; and #14,829 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Pico-Union
Los Angeles, CA | Los Angeles County
Scored premium profile
Best Neighborhoods USA Index
16.4
Stability and Strength
19.1
Value Opportunity
15.5
Momentum
13.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Los Angeles, CA |
| County | Los Angeles County |
| National rank | #14,829 of 14,967 |
| State rank | #1,805 of 1,814 |
| City rank | #94 of 94 |
| County rank | #321 of 321 |
| National percentile | 0.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $884,926 |
| Year-over-year home value change | -3.8% |
| Month-over-month home value change | -0.30% |
| Home value to income ratio | 24.05 |
| Median household income | $36,790 |
| Bachelor's degree or higher | 14.7% |
| Civilian unemployment rate | 9.0% |
| Homeownership rate | 6.9% |
| Housing vacancy rate | 4.4% |
| Rent burden 30% or higher | 60.7% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Pico-Union
Is Pico-Union one of the best neighborhoods in Los Angeles?
Pico-Union has a Best Neighborhoods USA Index of 16.4 and a city ranking of #94 of 94 eligible neighborhoods in Los Angeles.
How much are homes worth in Pico-Union?
The current Zillow Home Value Index for Pico-Union is approximately $884,926.
Are home values rising or falling in Pico-Union?
Zillow neighborhood values changed -3.8% year over year and -0.30% month over month.
What is the Neighborhood Momentum Score for Pico-Union?
Pico-Union has a Neighborhood Momentum Score of 13.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Pico-Union?
The NDS-derived neighborhood median household income is approximately $36,790.
How affordable is Pico-Union relative to household income?
The current Zillow home-value-to-household-income ratio is 24.05. Price-to-income affordability is a major Value Opportunity input.
Is Pico-Union primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 6.9%.
What is the unemployment rate in Pico-Union?
The NDS-derived civilian unemployment rate is approximately 9.0%.
How educated are residents of Pico-Union?
Approximately 14.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Pico-Union face high rent burden?
Approximately 60.7% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Pico-Union?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications69
Estimated originations39
Home-purchase applications26
Origination rate56.5%
Home-purchase share38.2%
Average application loan$925,826
Total application loan amount$64,095,228
National application rank#5,863 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.7% YoY; originations 3.7% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.