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These days, finding an affordable place to live in the Lomita area can be challenging. Home prices in Lomita are now at a median cost of $831,286, higher than the California average of $812,006.
The average cost of rent is $1,986/mo in Lomita, primarily driven by the current value of real estate in the Lomita area. In Lomita, 53.34% of households rent, and 29.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lomita is $8,433 per month. Households that rent pay about 23.55% of their income on rent here. Lomita’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harbor City, CA: less expensive homes
- Rolling Hills, CA: higher priced homes
- Rolling Hills Estates, CA: higher priced homes
- West Carson, CA: less expensive homes
- Wilmington, CA: less expensive homes
- Torrance, CA: higher priced homes
- Rancho Palos Verdes, CA: higher priced homes
- San Pedro, CA: equally priced homes
- Carson, CA: less expensive homes
- Palos Verdes Estates, CA: higher priced homes
Cities with Similar Populations
- White Oak, MD: less expensive homes
- Gloversville, NY: less expensive homes
- Grain Valley, MO: less expensive homes
- Granite Bay, CA: higher priced homes
- Grayslake, IL: less expensive homes
- Greenwood, MS: less expensive homes
- Groton, CT: less expensive homes
- Hampstead, NC: less expensive homes
- Willow Grove, PA: less expensive homes
- Hanover, MD: less expensive homes
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