Rancho Palos Verdes, California Housing Market Prices
Rancho Palos Verdes 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 158% above the California median$1,675,885
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Median rent 73% above the California median$3,528
Housing Market Overview
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,675,885 | $650,794 | $248,835 |
| Price Trend (Annual %) | 4.0% | 8.9% | 7.5% |
| Median Gross Rent | $3,528 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rancho Palos Verdes is about 158% higher than in California. Rent is about 73% 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 Rancho Palos Verdes, up about 4.0% and 5.9% a year respectively. Rent is changing faster.
Median rent in Rancho Palos Verdes rose about 63.1% between 2015 and 2024, from $2,164 to $3,528. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.5 yearly household incomes in Rancho Palos Verdes.
Buying the median-priced home in Rancho Palos Verdes costs roughly 39.6 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 Rancho Palos Verdes. The price-to-rent ratio in California is about 26.6.
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,675,885 | $650,794 | $248,835 |
| Median Household Income | $176,178 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rancho Palos Verdes rose about 46.0%, while median household income rose about 67.4% 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 | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.8% | 51.7% | 58.5% |
| Rental Rate | 17.9% | 40.8% | 31.2% |
| Vacancy Rate | 9.3% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Rancho Palos Verdes has a homeownership rate of 72.8%, higher than the California average of 51.7%. Its housing vacancy rate is 9.3%, compared with 7.5% in California.
Housing Stock
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.0 | 5.5 |
The typical housing unit in Rancho Palos Verdes was built around 1968. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Rancho Palos Verdes, CA Housing Compared With Nearby Cities
How Rancho Palos Verdes, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rancho Palos Verdes, CA | 40,776 | $1,675,885 #1/2 | $3,528 #1/2 | 80.2% #1/2 |
| Torrance, CA | 139,758 | $1,212,962 | $2,281 | 55.1% |
Frequently Asked Questions
Common questions about the housing market in Rancho Palos Verdes, California.
What is the median home price in Rancho Palos Verdes, California?
The median home price in Rancho Palos Verdes, California is $1,675,885, higher than the California average of $650,794.
What is the average home price in Rancho Palos Verdes, California?
The typical home price in Rancho Palos Verdes, California, reported as the median sale price, is $1,675,885. 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 Rancho Palos Verdes, California?
The median gross rent in Rancho Palos Verdes, California is $3,528 per month, higher than the California average of $2,036.
What was the median gross rent in Rancho Palos Verdes in 2020?
In 2020, the median gross rent in Rancho Palos Verdes, California was $2,849 per month.
What is the price-to-rent ratio in Rancho Palos Verdes, California?
The price-to-rent ratio in Rancho Palos Verdes, California is about 39.6, meaning it would take roughly 39.6 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 Rancho Palos Verdes.
Are home prices or rent rising faster in Rancho Palos Verdes, California?
Both home prices and rent are rising in Rancho Palos Verdes, up about 4.0% and 5.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Rancho Palos Verdes, California?
72.8% of households in Rancho Palos Verdes, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Rancho Palos Verdes, California?
The housing vacancy rate in Rancho Palos Verdes, California is 9.3%, higher than the California average of 7.5%.
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