L.A. real estate prices

The median price of a typical San Fernando Valley [middle class] house hit a record $600,000 in July a whopping $111,000 increase in the past 12 months as sales maintained a strong pace.

The typical Valley house, by the numbers.

11 percent of Los Angeles County residents can afford it.
A minimum income of $139,160 qualifies you to buy it.
$3,479 a month pays for it.

In a related story,

In the big Los Angeles County market, 15 percent of households could afford a home priced at the median of $512,890.

By comparison, affordability nationwide in June was 48 percent.