La Mirada 2026 Real Estate Forecast
To predict future Real Estate Prices, we need to examine the major influences shaping the current market and assess how they will change in 2026. So let’s start with the three main influences on future prices. Supply and Demand, the Economy, and Interest Rates.
For those of you who just want a summary, I will start with that. I will provide the supporting data below for those who would like to see the data I used to base my analysis.
Summary:
During the beginning of the year, we may see prices continue to drop for the first few months. Over the last 6 months, the average monthly price in La Mirada has dropped by $19,000. But once we get closer to summer, I feel we will see prices stabilize, then make some small gains. These price gains will be driven by low inventory and increased demand in the summer months. In the communities surrounding La Mirada, homes will take longer to sell, and getting top dollar will be difficult, but if the low supply in La Mirada continues, the city will do better price-wise than its neighboring communities.
I expect interest rates to remain close to their current level of 6.3% or decline slightly to 6% by the end of the year. To encourage more people to buy a home, I feel we would need to see rates drop closer to 5%, and I just don’t see that big a drop happening.
Support Data
Supply and Demand or Sales vs Listings:
Let’s start with supply. There isn’t going to be a big rush to build more housing, especially affordable housing. Builders are saddled with high land costs, high city, county, and sometimes state fees, and higher interest and material costs. Inflation is also putting significant pressure on labor rates. Also, there isn’t much land available for development near La Mirada. Because of these factors, there won’t be a supply of new homes near La Mirada, which will affect the supply side.
The main supply-side influence on the market is that people really like the city and what it offers them. There aren’t a lot of people moving from La Mirada. La Mirada started out as a starter-home community, but as it grew, it has become a city where people come to raise a family and stay connected to the community. As a result, there aren’t many listings on the market now, nor should there be in the near future.
Let’s take a look at Demand.
As far as demand is concerned, this is always going to be La Mirada’s main influence. La Mirada is a great place to live. I know the city very well. I lived in La Mirada for over 30 years and have sold real estate there for over 30 years. I witnessed the city's main growth in the 60’s and 70's. It has everything to offer almost anybody.
But we have to realize that even with low supply and high demand, the average price over the last 6 months for the City of La Mirada has decreased by $19,000.
The Economy:
The economy is expected to remain about the same in 2026 as in 2025. Over the last year, the current administration has focused more on international matters than on our economy. While our economy isn’t terrible, we still need lower inflation and lower interest rates. This may take a few years to bring the economy into balance. We have to bring personal income up to current prices, which have been driven up by inflation. This balance is not easy to do.
Interest Rates:
Interest rates have been our primary tool for controlling inflation. And you can’t have inflation above a certain level or it will lead your economy into turmoil. We are still getting over the federal government pumping trillions of dollars into the economy because of COVID. On the good side, inflation has gone down or at least stayed in check for now. Let us hope that this is a sign of stability, that inflation is getting under control, and that we can see interest rates start to decline as a result.
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