Downey is considered an old residential city in the southeastern part of Los Angeles, with distinct areas where prices are relatively high.

The first area to note is near the Rio San Gabriel Golf Course, commonly referred to as North Downey. It features spacious lots and quiet streets, with median home prices estimated between $850,000 and $950,000.

The historic district near downtown Downey, particularly along Downey Avenue, also maintains a relatively high price range. Many mid-century homes built in the 1950s and 60s are found here, with median prices around $800,000.

To see even higher price ranges than Downey itself, one might consider the adjacent La Habra Heights or Whittier's Friendly Hills. These areas are noted for their prices between $1.2 million and $1.5 million, making them comparable affluent neighborhoods to Downey.

The relatively high prices in northern Downey can be attributed to the proximity to golf courses, large lots, and a long history of aerospace industry workers settling in the area. In fact, this region is known to have maintained a stable demand from high-income residents due to its proximity to the former North American Aviation and the current Boeing facilities.

The overall median price in Downey is around $680,000 to $720,000, showing a gap of about $150,000 to $250,000 when compared to the area near the North Downey Golf Course. While Downey is not a city with extreme price disparities, clear regional differences do exist.

For Korean households, Downey's location between downtown LA and Orange County offers commuting convenience, and its relatively stable price trends make it a consistent option for both living and investment.

• North Downey (near Rio San Gabriel Golf Course) - median price around $850,000 to $950,000
• Downtown Downey historic district - median price around $800,000
• Adjacent areas La Habra Heights and Friendly Hills - median price around $1.2 million to $1.5 million

While Downey differs from extremely high-priced areas like Orange County or Anaheim Hills, it remains an attractive option for households seeking stable upper-middle-class housing.