Beverly Hills, California Housing Market Prices
Beverly Hills Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 175% above the California median$1,791,666
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Median rent 39% above the California median$2,829
Housing Market Overview
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,791,666 | $650,794 | $248,835 |
| Price Trend (Annual %) | 4.0% | 8.9% | 7.5% |
| Median Gross Rent | $2,829 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Beverly Hills is about 175% higher than in California. Rent is about 39% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Beverly Hills, up about 4.0% and 4.6% a year respectively. Rent is changing faster.
Median rent in Beverly Hills rose about 46.8% between 2015 and 2024, from $1,927 to $2,829. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 13.8 yearly household incomes in Beverly Hills.
Buying the median-priced home in Beverly Hills costs roughly 52.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Beverly Hills. The price-to-rent ratio in California is about 26.6.
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,791,666 | $650,794 | $248,835 |
| Median Household Income | $130,286 | $99,161 | $80,455 |
| Price-to-Income Ratio | 13.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Beverly Hills rose about 49.6%, while median household income rose about 39.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.8% | 51.7% | 58.5% |
| Rental Rate | 51.5% | 40.8% | 31.2% |
| Vacancy Rate | 12.7% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Beverly Hills has a homeownership rate of 35.8%, lower than the California average of 51.7%. Its housing vacancy rate is 12.7%, compared with 7.5% in California.
Housing Stock
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1957 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Beverly Hills was built around 1957. On average, 2.2 people live in a home with about 4.8 rooms, staying for about 14.0 years on average.
Beverly Hills, CA Housing Compared With Nearby Cities
How Beverly Hills, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Beverly Hills, CA | 31,624 | $1,791,666 #1/3 | $2,829 #1/3 | 41.0% #2/3 |
| Los Angeles, CA | 3,843,367 | $1,120,764 | $1,931 | 35.9% |
| Culver City, CA | 39,823 | $1,404,140 | $2,736 | 54.5% |
Frequently Asked Questions
Common questions about the housing market in Beverly Hills, California.
What is the median home price in Beverly Hills, California?
The median home price in Beverly Hills, California is $1,791,666, higher than the California average of $650,794.
What is the average home price in Beverly Hills, California?
The typical home price in Beverly Hills, California, reported as the median sale price, is $1,791,666. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Beverly Hills, California?
The median gross rent in Beverly Hills, California is $2,829 per month, higher than the California average of $2,036.
What was the median gross rent in Beverly Hills in 2020?
In 2020, the median gross rent in Beverly Hills, California was $2,258 per month.
What is the price-to-rent ratio in Beverly Hills, California?
The price-to-rent ratio in Beverly Hills, California is about 52.8, meaning it would take roughly 52.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Beverly Hills.
Are home prices or rent rising faster in Beverly Hills, California?
Both home prices and rent are rising in Beverly Hills, up about 4.0% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Beverly Hills, California?
35.8% of households in Beverly Hills, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Beverly Hills, California?
The housing vacancy rate in Beverly Hills, California is 12.7%, higher than the California average of 7.5%.
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