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Updated 7 months ago on . Most recent reply
![Justin Brin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2863424/1727115529-avatar-justinbrin.jpg?twic=v1/output=image/crop=500x500@0x0/cover=128x128&v=2)
Population declining but prices are going up. How is that possible?
According to the US census data Los Angeles, CA county population declined 3.5% in the last few years as you can see here:
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1721602396-image.png?twic=v1/output=image/quality=55/contain=800x800)
(Data from April 2020 - July 2023).
But Real Estate prices went up in that period 25% according to Zillow (From $665,868 to $834,772).
Rents went up 18% (From $2,380 to $2,827).
How that can be?
If more people are leaving then coming in, prices should go down?
Unless there is a big increase in undocumented immigrants and then there is really an undocumented population increase and that's why prices are going up?
Can there be any other reason?
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![Theresa Harris's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1259068/1694551672-avatar-theresah23.jpg?twic=v1/output=image/cover=128x128&v=2)
It isn't just a matter of how many people live there-what is the housing supply like in the area, how many people are living in each home? Plus the cost of most things goes up over time.