Manhattan 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Manhattan Beach, CA Housing Market Trends

With a population of 35,183, 13,427 total housing units (homes and apartments), and a median house value of $2,492,739, Manhattan Beach house prices are not only among the most expensive in California, Manhattan Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manhattan Beach, accounting for 71.72% of the city's housing units. Other types of housing that are prevalent in Manhattan Beach include duplexes, homes converted to apartments or other small apartment buildings ( 12.60%), row houses and other attached homes ( 8.79%), and a few large apartment complexes or high rise apartments ( 6.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhattan Beach. Owner-occupied housing accounts for 69.53% of Manhattan Beach's homes, and 57.98% have either three or four bedrooms, which is average sized relative to America.

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. Manhattan Beach's housing was primarily built during this period, from the '40s through the '60s. A full 44.47% of the city's housing hails from this era. Other housing ages represented in Manhattan Beach include homes built between 1970-1999 ( 34.60%) and housing constructed between 2000 and later ( 14.00%). There's also some housing in Manhattan Beach built before 1939 ( 6.93%).

Vacant housing appears to be an issue in Manhattan Beach. Fully 10.61% of the housing stock is classified as vacant. Left unchecked, vacant Manhattan Beach homes and apartments can be a drag on the real estate market, holding Manhattan Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Manhattan Beach Home Appreciation Rates

In the last 10 years, Manhattan Beach has experienced some of the highest home appreciation rates of any community in the nation. Manhattan Beach real estate appreciated 54.86% over the last ten years, which is an average annual home appreciation rate of 4.47%, putting Manhattan Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manhattan Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Manhattan Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Manhattan Beach's appreciation rate has been 4.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhattan Beach were at 1.53%, which equates to an annual appreciation rate of 6.25%.

Notably, Manhattan Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Manhattan Beach's latest annual appreciation rate is lower 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 Manhattan Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manhattan 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 Manhattan Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$2,492,739

Manhattan Beach, CA HOME PRICES

> $1,028,000
87.9%
87.9%
$770,001 - $1,028,000
4.2%
4.2%
$514,001 - $770,000
3.4%
3.4%
$411,001 - $514,000
0.4%
0.4%
$308,001 - $411,000
0.4%
0.4%
$206,001 - $308,000
0.5%
0.5%
$103,001 - $206,000
1.0%
1.0%
$51,001 - $103,000
0.0%
0.0%
$0 - $51,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
13,427

Manhattan Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
159.72% 4.65%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,815 / per month

Homeownership Rate

Owners
69.5%
69.5%
Renters
30.5%
30.5%
Vacant
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.0%
14.0%
1970 - 1999
34.6%
34.6%
1940 - 1969
44.5%
44.5%
1939 or Older
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.7%
71.7%
Townhomes
8.8%
8.8%
Small Apt. Buildings
12.6%
12.6%
Apt. Complexes
6.3%
6.3%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
7.9%
7.9%
2 Bedrooms
19.3%
19.3%
3 Bedrooms
35.3%
35.3%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
12.6%
12.6%
0.0% 100.0%
% OF HOMES