Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $554,068 | $642,203 | $242,182 |
| Price Trend (Annual %) | 18.5% | 10.0% | 8.2% |
| Median Gross Rent | $2,476 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Seal Beach is about 14% lower than in California. Rent is about 27% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Seal Beach, up about 18.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Seal Beach rose about 50.5% between 2015 and 2023, from $1,645 to $2,476. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Seal Beach.
Buying the median-priced home in Seal Beach costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Seal Beach. The price-to-rent ratio in California is about 27.4.
| Metric | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $554,068 | $642,203 | $242,182 |
| Median Household Income | $84,909 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Seal Beach rose about 240.7%, while median household income rose about 66.9% between 2009 and 2023 — 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 | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 51.6% | 58.2% |
| Rental Rate | 17.9% | 40.9% | 31.3% |
| Vacancy Rate | 9.8% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Seal Beach has a homeownership rate of 72.3%, higher than the California average of 51.6%. Its housing vacancy rate is 9.8%, compared with 7.6% in California.
Housing Stock
| Metric | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.97 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Seal Beach was built around 1967. On average, 2.0 people live in a home with about 4.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Seal Beach, California.
What is the median home price in Seal Beach, California?
The median home price in Seal Beach, California is $554,068, lower than the California average of $642,203.
What is the average home price in Seal Beach, California?
The typical home price in %s, reported as the median sale price, is %s. 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 Seal Beach, California?
The median gross rent in Seal Beach, California is $2,476 per month, higher than the California average of $1,955.
What was the median gross rent in Seal Beach in 2020?
In 2020, the median gross rent in Seal Beach, California was $2,106 per month.
What is the price-to-rent ratio in Seal Beach, California?
The price-to-rent ratio in Seal Beach, California is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Seal Beach.
Are home prices or rent rising faster in Seal Beach, California?
Both home prices and rent are rising in Seal Beach, up about 18.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Seal Beach, California?
72.3% of households in Seal Beach, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Seal Beach, California?
The housing vacancy rate in Seal Beach, California is 9.8%, higher than the California average of 7.6%.