Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermosa Beach area can be challenging. Home prices in Hermosa Beach are now at a median cost of $1,664,794, higher than the California average of $648,235.
The average cost of rent is $2,486/mo in Hermosa Beach, primarily driven by the current value of real estate in the Hermosa Beach area. While nearly 27.70% of residents own their homes outright in Hermosa Beach, 47.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa Beach is $12,981 per month. Households that rent pay about 19.15% of their income on rent here. Hermosa Beach's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Redondo Beach, CA: less expensive homes
- Manhattan Beach, CA: equally priced homes
- Lawndale, CA: less expensive homes
- Del Aire, CA: less expensive homes
- Torrance, CA: less expensive homes
- El Segundo, CA: less expensive homes
- Hawthorne, CA: less expensive homes
- Palos Verdes Estates, CA: equally priced homes
- Lennox, CA: less expensive homes
- Gardena, CA: less expensive homes
Cities with Similar Populations
- Rockingham, NC: less expensive homes
- Hunters Creek, FL: less expensive homes
- Indian Land, SC: less expensive homes
- Ionia, MI: less expensive homes
- Iselin, NJ: less expensive homes
- Jackson, GA: less expensive homes
- Jenkintown, PA: less expensive homes
- Pennsauken, NJ: less expensive homes
- Prospect, KY: less expensive homes
- Rensselaer, NY: less expensive homes
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