Long Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Long Beach, CA Real Estate Data

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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Long Beach Housing Market Information

With a population of 469,450, 163,919 total housing units (homes and apartments), and a median house value of $522,278, 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.

Large apartment complexes or high rise apartments are the single most common housing type in Long Beach, accounting for 40.44% of the city's housing units. Other types of housing that are prevalent in Long Beach include single-family detached homes ( 40.28%), duplexes, homes converted to apartments or other small apartment buildings ( 13.35%), and a few row houses and other attached homes ( 4.63%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Long Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 51.37% of the city's housing hails from this era. Other housing ages represented in Long Beach include homes built between 1970-1999 ( 25.33%) and housing constructed before 1939 ( 19.38%). There's also some housing in Long Beach built between 2000 and later ( 3.91%).

Long Beach Home Appreciation Rates

In the last 10 years, Long Beach has experienced some of the highest home appreciation rates of any community in the nation. Long Beach real estate appreciated 48.36% over the last ten years, which is an average annual home appreciation rate of 4.02%, putting Long Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Long Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Long Beach that despite a nationwide downturn in the housing market, Long Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Long Beach appreciation rates continue to be some of the highest in America, at 8.85%, which is higher than appreciation rates in 87.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Long Beach. Long Beach appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.60%.

Relative to California, our data show that Long Beach's latest annual appreciation rate is higher than 50% 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:
$522,278

Long Beach, CA HOME PRICES

Value Range
> $1,397,000 3.7
$1,048,001 - $1,397,000 5.9
$699,001 - $1,048,000 19.7
$559,001 - $699,000 18.1
$419,001 - $559,000 23.6
$279,001 - $419,000 17.1
$139,001 - $279,000 7.3
$70,001 - $139,000 1.2
$0 - $70,000 3.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.58102189781022 44.4298820445609

Number Of Homes And Apartments:
163,919

Long Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
182.88% 5.70%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,710 / per month

Homeownership Rate

Homeownership
Owners 39.05
Renters 60.95
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF Long Beach HOMES
2000 or Newer 3.9
1970 - 1999 25.3
1940 - 1969 51.4
1939 or Older 19.4

Types of Homes

TYPE OF Long Beach HOMES
Single-Family 40.3
Townhomes 4.6
Small Apt. Buildings 13.4
Apt. Complexes 40.4
Mobile Homes 1.2
Other 0.1

Home Size

SIZE OF Long Beach HOMES
No Bedroom 7.62
1 Bedroom 24.94
2 Bedrooms 35.19
3 Bedrooms 24.33
4 Bedrooms 6.60
5 or more bedrooms 1.32