Long Beach, New York 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 89% above the New York median$890,243
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Median rent 55% above the New York median$2,515
Housing Market Overview
| Metric | Long Beach | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $890,243 | $471,885 | $248,835 |
| Price Trend (Annual %) | 16.4% | 7.1% | 7.5% |
| Median Gross Rent | $2,515 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Long Beach is about 89% higher than in New York. Rent is about 55% higher than the New York 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 16.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Long Beach rose about 53.6% between 2015 and 2024, from $1,637 to $2,515. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Long Beach.
Buying the median-priced home in Long Beach costs roughly 29.5 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 New York is about 24.3.
| Metric | Long Beach | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $890,243 | $471,885 | $248,835 |
| Median Household Income | $140,547 | $86,556 | $80,455 |
| Price-to-Income Ratio | 6.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Long Beach rose about 167.0%, while median household income rose about 62.3% 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 | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 48.8% | 58.5% |
| Rental Rate | 30.7% | 41.1% | 31.2% |
| Vacancy Rate | 9.6% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Long Beach has a homeownership rate of 59.7%, higher than the New York average of 48.8%. Its housing vacancy rate is 9.6%, compared with 10.1% in New York.
Housing Stock
| Metric | Long Beach | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1959 | 1960 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in Long Beach was built around 1959. On average, 2.2 people live in a home with about 4.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Long Beach, New York.
What is the median home price in Long Beach, New York?
The median home price in Long Beach, New York is $890,243, higher than the New York average of $471,885.
What is the average home price in Long Beach, New York?
The typical home price in Long Beach, New York, reported as the median sale price, is $890,243. 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, New York?
The median gross rent in Long Beach, New York is $2,515 per month, higher than the New York average of $1,621.
What was the median gross rent in Long Beach in 2020?
In 2020, the median gross rent in Long Beach, New York was $2,026 per month.
What is the price-to-rent ratio in Long Beach, New York?
The price-to-rent ratio in Long Beach, New York is about 29.5, meaning it would take roughly 29.5 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, New York?
Both home prices and rent are rising in Long Beach, up about 16.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Long Beach, New York?
59.7% of households in Long Beach, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Long Beach, New York?
The housing vacancy rate in Long Beach, New York is 9.6%, lower than the New York average of 10.1%.
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