Redondo Beach, California Housing Market Prices
Redondo 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 143% above the California median$1,584,567
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Median rent 32% above the California median$2,691
Housing Market Overview
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,584,567 | $650,794 | $248,835 |
| Price Trend (Annual %) | 11.6% | 8.9% | 7.5% |
| Median Gross Rent | $2,691 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Redondo Beach is about 143% higher than in California. Rent is about 32% 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 Redondo Beach, up about 11.6% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Redondo Beach rose about 53.7% between 2015 and 2024, from $1,750 to $2,691. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.5 yearly household incomes in Redondo Beach.
Buying the median-priced home in Redondo Beach costs roughly 49.1 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 Redondo Beach. The price-to-rent ratio in California is about 26.6.
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,584,567 | $650,794 | $248,835 |
| Median Household Income | $150,415 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Redondo Beach rose about 107.7%, while median household income rose about 49.2% 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 | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 51.7% | 58.5% |
| Rental Rate | 42.9% | 40.8% | 31.2% |
| Vacancy Rate | 8.0% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Redondo Beach has a homeownership rate of 49.1%, lower than the California average of 51.7%. Its housing vacancy rate is 8.0%, compared with 7.5% in California.
Housing Stock
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Redondo Beach was built around 1972. On average, 2.4 people live in a home with about 4.8 rooms, staying for about 13.0 years on average.
Redondo Beach, CA Housing Compared With Nearby Cities
How Redondo Beach, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Redondo Beach, CA | 69,266 | $1,584,567 #2/3 | $2,691 #2/3 | 53.4% #3/3 |
| Torrance, CA | 139,758 | $1,212,962 | $2,281 | 55.1% |
| Manhattan Beach, CA | 34,144 | $2,117,650 | $3,448 | 64.8% |
Frequently Asked Questions
Common questions about the housing market in Redondo Beach, California.
What is the median home price in Redondo Beach, California?
The median home price in Redondo Beach, California is $1,584,567, higher than the California average of $650,794.
What is the average home price in Redondo Beach, California?
The typical home price in Redondo Beach, California, reported as the median sale price, is $1,584,567. 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 Redondo Beach, California?
The median gross rent in Redondo Beach, California is $2,691 per month, higher than the California average of $2,036.
What was the median gross rent in Redondo Beach in 2020?
In 2020, the median gross rent in Redondo Beach, California was $2,164 per month.
What is the price-to-rent ratio in Redondo Beach, California?
The price-to-rent ratio in Redondo Beach, California is about 49.1, meaning it would take roughly 49.1 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 Redondo Beach.
Are home prices or rent rising faster in Redondo Beach, California?
Both home prices and rent are rising in Redondo Beach, up about 11.6% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Redondo Beach, California?
49.1% of households in Redondo Beach, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Redondo Beach, California?
The housing vacancy rate in Redondo Beach, California is 8.0%, higher than the California average of 7.5%.
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