What’s the Real Cost of Living in Hollywood Hills?
A staggering $2.5 million—that’s the median home price in Hollywood Hills today. And that’s just the beginning. From soaring property taxes to hidden maintenance costs, living in one of Los Angeles’ most coveted neighborhoods comes with a price tag beyond the listing price. But is it worth it? Absolutely—if you know what you're getting into.
Let’s break down the real cost of living in Hollywood Hills and whether it’s the right investment for you.
1. Home Prices in Hollywood Hills: What to Expect
Hollywood Hills real estate isn’t just expensive—it’s competitive. With limited inventory and sky-high demand, homes here range from $1.5 million for a fixer-upper to $20 million+ for ultra-luxury estates. The median price sits at $2.5 million, but be prepared to pay over asking in a bidding war.
Pro Tip: Factor in property taxes
California’s property tax rate hovers around 1.25%, but with a multimillion-dollar home, that means $25,000+ per year—before any special assessments.
2. The Real Cost of Maintenance and Upkeep
Hollywood Hills is known for its stunning hillside homes, but with those views come hidden maintenance costs:
Landslide and foundation repairs – The steep terrain means erosion control and foundation reinforcement can cost $50,000+ over time.
Private road maintenance – Some properties aren’t on city-maintained roads, meaning homeowners split the cost of repaving—often $10,000+ per home.
Pool and landscaping upkeep – A luxury home isn’t complete without a pool and lush greenery. Expect $500–$1,500 per month in maintenance.
3. The Cost of Living Beyond Your Mortgage
Living in Hollywood Hills isn’t just about your home—it’s about the lifestyle. And that lifestyle comes at a premium.
Utilities – Expect to pay 20–30% more than the LA average due to larger homes and higher water usage.
Private security – Many residents opt for private patrol services, adding $200–$1,000 per month in extra safety.
HOA fees (for gated communities) – If you’re in an exclusive enclave like The Bird Streets, monthly dues can range from $500–$2,000.
4. Is Hollywood Hills Worth the Price?
For those who value privacy, breathtaking views, and an unbeatable location, Hollywood Hills remains one of Los Angeles’ top real estate investments. But it’s not for the faint of heart (or light of wallet).
The Bottom Line
Hollywood Hills delivers exclusivity, prestige, and stunning real estate—but at a steep price. Understanding the hidden costs of living in Hollywood Hills ensures you invest wisely. Whether you’re buying a historic estate or exploring new construction in Southern California, knowing the true cost will help you make a smart, informed decision.
Want more insights on Hollywood Hills real estate and SoCal luxury living? Check out these resources:
LA County Property Tax Estimator
Hollywood Hills Real Estate Listings
Luxury Home Maintenance Costs