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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 $1,939,014, higher than the California average of $812,006.
The average cost of rent is $2,948/mo in Hermosa Beach, primarily driven by the current value of real estate in the Hermosa Beach area. In Hermosa Beach, 49.26% of households rent, and 30.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa Beach is $14,529 per month. Households that rent pay about 20.29% of their income on rent here. Hermosa Beach’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Redondo Beach, CA: less expensive homes
- Manhattan Beach, CA: equally priced homes
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- 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
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- 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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