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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 $566,423, lower than the California average of $648,235.
The average cost of rent is $1,665/mo in Long Beach, primarily driven by the current value of real estate in the Long Beach area. While nearly 30.33% of residents own their homes outright in Long Beach, 57.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Long Beach is $6,373 per month. Households that rent pay about 26.13% of their income on rent here. Long Beach's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Signal Hill, CA: equally priced homes
- Lakewood, CA: higher priced homes
- Rossmoor, CA: higher priced homes
- Hawaiian Gardens, CA: less expensive homes
- Seal Beach, CA: less expensive homes
- Carson, CA: less expensive homes
- Los Alamitos, CA: higher priced homes
- Bellflower, CA: less expensive homes
- Wilmington, CA: equally priced 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
- Town 'n' Country, FL: less expensive homes
- 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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