Manhattan Beach, California Housing Market Prices
Manhattan 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 225% above the California median$2,117,650
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Median rent 69% above the California median$3,448
Housing Market Overview
| Metric | Manhattan Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,117,650 | $650,794 | $248,835 |
| Price Trend (Annual %) | -0.1% | 8.9% | 7.5% |
| Median Gross Rent | $3,448 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manhattan Beach is about 225% higher than in California. Rent is about 69% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Manhattan Beach: home prices fell about 0.1% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
Median rent in Manhattan Beach rose about 62.5% between 2015 and 2024, from $2,122 to $3,448. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.6 yearly household incomes in Manhattan Beach.
Buying the median-priced home in Manhattan Beach costs roughly 51.2 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 Manhattan Beach. The price-to-rent ratio in California is about 26.6.
| Metric | Manhattan Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,117,650 | $650,794 | $248,835 |
| Median Household Income | $200,429 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Manhattan Beach fell about 1.0%, while median household income rose about 60.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Manhattan Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 51.7% | 58.5% |
| Rental Rate | 30.8% | 40.8% | 31.2% |
| Vacancy Rate | 12.5% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Manhattan Beach has a homeownership rate of 56.7%, higher than the California average of 51.7%. Its housing vacancy rate is 12.5%, compared with 7.5% in California.
Housing Stock
| Metric | Manhattan Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1973 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Manhattan Beach was built around 1973. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Manhattan Beach, CA Housing Compared With Nearby Cities
How Manhattan Beach, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Manhattan Beach, CA | 34,144 | $2,117,650 #1/2 | $3,448 #1/2 | 64.8% #1/2 |
| Redondo Beach, CA | 69,266 | $1,584,567 | $2,691 | 53.4% |
Frequently Asked Questions
Common questions about the housing market in Manhattan Beach, California.
What is the median home price in Manhattan Beach, California?
The median home price in Manhattan Beach, California is $2,117,650, higher than the California average of $650,794.
What is the average home price in Manhattan Beach, California?
The typical home price in Manhattan Beach, California, reported as the median sale price, is $2,117,650. 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 Manhattan Beach, California?
The median gross rent in Manhattan Beach, California is $3,448 per month, higher than the California average of $2,036.
What was the median gross rent in Manhattan Beach in 2020?
In 2020, the median gross rent in Manhattan Beach, California was $2,582 per month.
What is the price-to-rent ratio in Manhattan Beach, California?
The price-to-rent ratio in Manhattan Beach, California is about 51.2, meaning it would take roughly 51.2 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 Manhattan Beach.
Are home prices or rent rising faster in Manhattan Beach, California?
Home prices and rent are moving in opposite directions in Manhattan Beach: home prices fell about 0.1% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Manhattan Beach, California?
56.7% of households in Manhattan Beach, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Manhattan Beach, California?
The housing vacancy rate in Manhattan Beach, California is 12.5%, higher than the California average of 7.5%.
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