Lomita, California Housing Market Prices
Lomita 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 34% above the California median$875,000
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Median rent 4% below the California median$1,960
Housing Market Overview
| Metric | Lomita | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Price Trend (Annual %) | 3.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,960 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lomita is about 34% higher than in California. Rent is about 4% lower 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 Lomita, up about 3.3% and 5.4% a year respectively. Rent is changing faster.
Median rent in Lomita rose about 52.4% between 2015 and 2024, from $1,286 to $1,960. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.1 yearly household incomes in Lomita.
Buying the median-priced home in Lomita costs roughly 37.2 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 Lomita. The price-to-rent ratio in California is about 26.6.
| Metric | Lomita | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Median Household Income | $95,911 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lomita rose about 82.1%, while median household income rose about 37.8% 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 | Lomita | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.5% | 51.7% | 58.5% |
| Rental Rate | 50.2% | 40.8% | 31.2% |
| Vacancy Rate | 7.3% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Lomita has a homeownership rate of 42.5%, lower than the California average of 51.7%. Its housing vacancy rate is 7.3%, compared with 7.5% in California.
Housing Stock
| Metric | Lomita | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1966 | 1975 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Lomita was built around 1966. On average, 2.8 people live in a home with about 4.5 rooms, staying for about 12.0 years on average.
Lomita, CA Housing Compared With Nearby Cities
How Lomita, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lomita, CA | 20,223 | $875,000 #2/3 | $1,960 #3/3 | 45.9% #3/3 |
| Torrance, CA | 139,758 | $1,212,962 | $2,281 | 55.1% |
| Carson, CA | 92,071 | $608,891 | $1,980 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Lomita, California.
What is the median home price in Lomita, California?
The median home price in Lomita, California is $875,000, higher than the California average of $650,794.
What is the average home price in Lomita, California?
The typical home price in Lomita, California, reported as the median sale price, is $875,000. 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 Lomita, California?
The median gross rent in Lomita, California is $1,960 per month, lower than the California average of $2,036.
What was the median gross rent in Lomita in 2020?
In 2020, the median gross rent in Lomita, California was $1,459 per month.
What is the price-to-rent ratio in Lomita, California?
The price-to-rent ratio in Lomita, California is about 37.2, meaning it would take roughly 37.2 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 Lomita.
Are home prices or rent rising faster in Lomita, California?
Both home prices and rent are rising in Lomita, up about 3.3% and 5.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Lomita, California?
42.5% of households in Lomita, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Lomita, California?
The housing vacancy rate in Lomita, California is 7.3%, lower than the California average of 7.5%.
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