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These days, finding an affordable place to live in the Long Beach area can be challenging. Home prices in Long Beach are now at a median cost of $749,618, lower than the California average of $812,006.
The average cost of rent is $2,041/mo in Long Beach, primarily driven by the current value of real estate in the Long Beach area. In Long Beach, 58.72% of households rent, and 31.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Beach is $7,958 per month. Households that rent pay about 25.64% of their income on rent here. Long Beach’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Signal Hill, CA: equally priced homes
- Lakewood, CA: equally priced homes
- Rossmoor, CA: higher priced homes
- Hawaiian Gardens, CA: less expensive homes
- Seal Beach, CA: higher priced homes
- Carson, CA: equally priced homes
- Los Alamitos, CA: higher priced homes
- Bellflower, CA: equally priced homes
- Wilmington, CA: less expensive homes
- Paramount, CA: less expensive homes
Cities with Similar Populations
- Sunrise, FL: less expensive homes
- Terre Haute, IN: less expensive homes
- Sunrise Manor, NV: less expensive homes
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- Temple, TX: less expensive homes
- Suffolk, VA: less expensive homes
- Tallahassee, FL: less expensive homes
- Sunnyvale, CA: higher priced homes
- Toledo, OH: less expensive homes
- Summerville, SC: less expensive homes
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