The Most Affordable Neighborhoods in Downtown Long Beach, Long Beach, CA by Home Value

 

Downtown Long Beach, Long Beach, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Long Beach area can be challenging. Home prices in Downtown Long Beach are now at a median cost of $492,247, lower than the Long Beach average of $566,423.

The average cost of rent is $1,603/mo in Downtown Long Beach, primarily driven by the current value of real estate in the Downtown Long Beach area. While nearly 25.85% of residents own their homes outright in Downtown Long Beach, 80.56% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Long Beach is $5,074 per month. Households that rent pay about 31.60% of their income on rent here. Downtown Long Beach's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.


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