City of Arcadia, CA

10/24/2024 | News release | Distributed by Public on 10/24/2024 15:19

Arcadia Property Values Rank in Top 15 for LA County

Own property in Arcadia? Smart choice, property values grew by 4.5% in 2024, cementing Arcadia as a premier community in LA County.

Having experienced significant economic growth over the last few years, Arcadia has been propelled into the top 15 cities for property values across Los Angeles County. According to the latest report by the Los Angeles County Assessor's Office, property values in Arcadia surged to $21.40 billion, marking a 4.5% or $930.51 million increase from 2023. For businesses and homeowners alike, the rise in assessed valuation demonstrates a positive return on investment, solidifying Arcadia as a highly sought-after city in the region.

Landing on the leaderboard for property values across Los Angeles County, Arcadia finds itself alongside other notable communities like Beverly Hills and Malibu. With these rankings, Arcadia is the only other San Gabriel Valley city to make the top 15 aside from Pasadena. Arcadia continues to distinguish itself with a diverse mix of entertainment options such as Santa Anita Park, upscale retail destinations like the Shops at Santa Anita, innovative healthcare services like USC Arcadia Hospital, and one of the leading public school systems in the nation, Arcadia Unified School District. These features coupled with high-quality public services make Arcadia an attractive place to live.

Looking to the future, Arcadia will continue to preserve its community-oriented atmosphere with new development projects and vibrant entertainment. Whether it's popular events like the 626 Night Market, the Moon Festival, or the Patriotic Festival, or the addition of mixed-use, multi-family housing projects to the City's downtown, Arcadia remains one of the best places in the region for businesses and families to call home.

To view the entire breakdown of assessed values for all Cities in LA County, visit assessor.lacounty.gov.

Published: October 24, 2024