Why Los Angeles Rents Will Likely Increase Because of the January 2025 Fires

01/10/25

“Why will Los Angeles rents likely increase because of the January 2025 fires?”

Los Angeles is experiencing some of its most devastating fires ever. Up to tens of thousands of people have faced displacement. Not only are many of these peoples’ homes destroyed, but they will need to find a new place to live. Since many evacuees may have to wait a few years before their homes are rebuilt, they’ll have to obtain rental housing in Los Angeles. This will decrease the available rental stock and increase demand, leading to higher prices. This is Why Los Angeles Rents Will Likely Increase Because of the January 2025 Fires.

If you need help or would like to provide help because of the LA fires, please check out the Mutual Aid LA Network for resources