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LA Mortgage Payments Soar 33% Above Rent Prices

4/15/2026

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Story summary
  • In Los Angeles, the median monthly mortgage payment is $6,240, far above the $2,819 median rent.
  • Since 2021, mortgage rates have more than doubled, contributing to a 33% rise in home prices.
  • As of early 2026, the national median mortgage payment is 20% higher than rent.
  • Los Angeles ranks as the 8th most expensive rental market, with one- and two-bedroom rents at $2,290 and over $3,110.