Similar to its nearby areas, it's a lot more expensive compared to the entire nation. However it is substantially less expensive compared to the city of Los Angeles.
Home prices
The price of the median home in Commerce is $411,200. It is roughly $8,080 (1%) lower compared to its nearby areas.In comparison to the US as a whole it is about $193,700 (89%) higher, and it is approximately $225,700 (35%) lower compared to the city of Los Angeles.
Rents
The median monthly rent in Commerce is $1,139. Compared to the surrounding areas it is about $64 (5%) lower.In comparison to the entire nation it is about $77 (7%) higher, and it is roughly $311 (21%) lower compared to the city of Los Angeles.
Nearby places
Bell
Bell is Commerce's neighbor to the southwest. Housing prices there are pretty similar. The median home in Bell costs $413,400, which is very similar to Commerce. Rents there are pretty similar. In Bell the median monthly rent is $1,192, which works out to $53 (4%) higher than Commerce.
Bell Gardens
Bell Gardens is Commerce's neighbor to the south. Real estate prices there are a little less expensive. The value of the median home in Bell Gardens is $388,100, which works out to $23,100 (5%) lower than Commerce. Its rents are somewhat more expensive. In Bell Gardens the median rent is $1,252 a month, which is $113 (9%) higher than Commerce.
Montebello
Montebello is Commerce's neighbor to the northeast. Its housing prices are somewhat more expensive. The value of the median home in Montebello is $492,300, which works out to $81,100 (16%) higher than Commerce. Rents there are a bit more expensive. The median monthly rent in Montebello is $1,334, which comes out to $195 (14%) higher than Commerce.
East Los Angeles
East Los Angeles is Commerce's neighbor to the north. The real estate prices there are similar. East Los Angeles's median home price is $415,600, which is $4,400 (1%) higher than Commerce. Rents there are pretty similar. East Los Angeles's median rent is $1,134 a month, which is very similar to Commerce.
Maywood
Maywood is roughly 1 mile west from Commerce. Real estate prices there are a bit less expensive. Maywood's median home value is $387,000, which works out to $24,200 (6%) lower than Commerce. The rent there is fairly similar. The median monthly rent in Maywood is $1,104, which comes out to $35 (3%) lower than Commerce.
