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Expensive
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These days, finding an affordable place to live in the Palos Verdes Peninsula area can be challenging. Home prices in Palos Verdes Peninsula are now at a median cost of $1,891,239, higher than the Torrance average of $1,019,848.
The average cost of rent is $3,262/mo in Palos Verdes Peninsula, primarily driven by the current value of real estate in the Palos Verdes Peninsula area. In Palos Verdes Peninsula, 15.33% of households rent, and 36.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palos Verdes Peninsula is $17,640 per month. Households that rent pay about 18.49% of their income on rent here. Palos Verdes Peninsula’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
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Neighborhoods with Similar Populations
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- West Baltimore, Baltimore, MD: less expensive homes
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