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Affordable
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These days, finding an affordable place to live in the Rancho Palos Verdes area can be challenging. Home prices in Rancho Palos Verdes are now at a median cost of $1,625,407, higher than the California average of $812,006.
The average cost of rent is $3,404/mo in Rancho Palos Verdes, primarily driven by the current value of real estate in the Rancho Palos Verdes area. In Rancho Palos Verdes, 19.46% of households rent, and 34.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rancho Palos Verdes is $15,913 per month. Households that rent pay about 21.39% of their income on rent here. Rancho Palos Verdes’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rolling Hills Estates, CA: higher priced homes
- Rolling Hills, CA: higher priced homes
- Palos Verdes Estates, CA: higher priced homes
- Lomita, CA: less expensive homes
- Harbor City, CA: less expensive homes
- San Pedro, CA: less expensive homes
- Torrance, CA: less expensive homes
- Wilmington, CA: less expensive homes
- West Carson, CA: less expensive homes
- Redondo Beach, CA: less expensive homes
Cities with Similar Populations
- Arlington, MA: less expensive homes
- Zanesville, OH: less expensive homes
- Woodland Hills, CA: less expensive homes
- Winter Springs, FL: less expensive homes
- Whitney, NV: less expensive homes
- West Orange, NJ: less expensive homes
- Valley Village, CA: less expensive homes
- Urbandale, IA: less expensive homes
- Tucker, GA: less expensive homes
- Texas City, TX: less expensive homes
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