Long Beach, California Housing Market Prices
Long Beach 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 29% above the California median$841,586
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Median rent 8% below the California median$1,870
Housing Market Overview
| Metric | Long Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $841,586 | $650,794 | $248,835 |
| Price Trend (Annual %) | 11.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,870 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Long Beach is about 29% higher than in California. Rent is about 8% 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 Long Beach, up about 11.2% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Long Beach rose about 66.7% between 2015 and 2024, from $1,121 to $1,870. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.6 yearly household incomes in Long Beach.
Buying the median-priced home in Long Beach costs roughly 37.5 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 Long Beach. The price-to-rent ratio in California is about 26.6.
| Metric | Long Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $841,586 | $650,794 | $248,835 |
| Median Household Income | $87,836 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Long Beach rose about 109.4%, while median household income rose about 63.3% 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 | Long Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.9% | 51.7% | 58.5% |
| Rental Rate | 55.3% | 40.8% | 31.2% |
| Vacancy Rate | 5.8% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Long Beach has a homeownership rate of 38.9%, lower than the California average of 51.7%. Its housing vacancy rate is 5.8%, compared with 7.5% in California.
Housing Stock
| Metric | Long Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1960 | 1975 | 1978 |
| Median Number of Rooms | 4.2 | 5.0 | 5.5 |
The typical housing unit in Long Beach was built around 1960. On average, 2.6 people live in a home with about 4.2 rooms, staying for about 13.0 years on average.
Long Beach, CA Housing Compared With Nearby Cities
Long Beach, CA is the largest of the 4 cities compared here, 457,311 residents against a local median of 80,361. Where Long Beach, CA breaks from the cities next to it is homeownership, sitting 45% below the local median of 74.4% at 41.3%. That is the weaker end of the local range on this measure.
Median rent tells the same story from another angle: $1,870 against a local median of $2,346, 20% below it. The cities themselves sit within 8.7% of each other on homeownership, a tighter band than the gap between any of them and Long Beach, CA, which makes it a genuine outlier here rather than one end of a wide local spread. Long Beach, CA has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Long Beach, CA | 457,311 | $841,586 #1/4 | $1,870 #4/4 | 41.3% #4/4 |
| Lakewood, CA | 80,361 | $802,614 | $2,346 | 71.4% |
| Seal Beach, CA | 24,254 | $715,711 | $2,698 | 80.1% |
| Carson, CA | 92,071 | $608,891 | $1,980 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Long Beach, California.
What is the median home price in Long Beach, California?
The median home price in Long Beach, California is $841,586, higher than the California average of $650,794.
What is the average home price in Long Beach, California?
The typical home price in Long Beach, California, reported as the median sale price, is $841,586. 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 Long Beach, California?
The median gross rent in Long Beach, California is $1,870 per month, lower than the California average of $2,036.
What was the median gross rent in Long Beach in 2020?
In 2020, the median gross rent in Long Beach, California was $1,391 per month.
What is the price-to-rent ratio in Long Beach, California?
The price-to-rent ratio in Long Beach, California is about 37.5, meaning it would take roughly 37.5 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 Long Beach.
Are home prices or rent rising faster in Long Beach, California?
Both home prices and rent are rising in Long Beach, up about 11.2% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Long Beach, California?
38.9% of households in Long Beach, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Long Beach, California?
The housing vacancy rate in Long Beach, California is 5.8%, lower than the California average of 7.5%.
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