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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Long Beach, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Long Beach, CA Housing Market Trends

With 451,307 people, 170,174 houses or apartments, and a median cost of homes of $769,079, real estate costs in Long Beach are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Long Beach, accounting for 40.60% of the city's housing units. Other types of housing that are prevalent in Long Beach include large apartment complexes or high rise apartments ( 39.94%), duplexes, homes converted to apartments or other small apartment buildings ( 13.93%), and a few row houses and other attached homes ( 4.24%).

People in Long Beach primarily live in small (one, two or no bedroom) single-family detached homes. Long Beach has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Long Beach's housing was primarily built during this period, from the '40s through the '60s. A full 47.67% of the city's housing hails from this era. Other housing ages represented in Long Beach include homes built between 1970-1999 ( 27.16%) and housing constructed before 1939 ( 19.51%). There's also some housing in Long Beach built between 2000 and later ( 5.66%).

Long Beach Home Appreciation Rates

Appreciation rates for homes in Long Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.60%, which ranks in the top 30% nationwide. This equates to an annual average Long Beach house appreciation rate of 7.37%.

Over the last year, Long Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Long Beach's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Long Beach were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that Long Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Long Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Long Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Long Beach real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$769,079

Long Beach, CA Home Prices
> $1,248,000
$936,001 - $1,248,000
$624,001 - $936,000
$500,001 - $624,000
$374,001 - $500,000
$250,001 - $374,000
$125,001 - $250,000
$63,001 - $125,000
$0 - $63,000
12.6%
12.6%
20.9%
20.9%
35.6%
35.6%
13.5%
13.5%
9.0%
9.0%
3.4%
3.4%
1.5%
1.5%
1.1%
1.1%
2.5%
2.5%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

170,174

Long Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,690 / per month

Homeownership Rate

Owners
Renters
39.7%
39.7%
60.3%
60.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.5%
5.5%
94.5%
94.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.7%
5.7%
27.2%
27.2%
47.7%
47.7%
19.5%
19.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.6%
40.6%
4.2%
4.2%
13.9%
13.9%
39.9%
39.9%
1.2%
1.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
8.0%
8.0%
25.1%
25.1%
34.8%
34.8%
23.5%
23.5%
7.0%
7.0%
1.6%
1.6%
0% 100.0%
% of Homes