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These days, finding an affordable place to live in the Redondo Beach area can be challenging. Home prices in Redondo Beach are now at a median cost of $1,404,541, higher than the California average of $812,006.
The average cost of rent is $2,716/mo in Redondo Beach, primarily driven by the current value of real estate in the Redondo Beach area. In Redondo Beach, 46.23% of households rent, and 29.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redondo Beach is $13,073 per month. Households that rent pay about 20.78% of their income on rent here. Redondo Beach’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hermosa Beach, CA: higher priced homes
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- Palos Verdes Estates, CA: higher priced homes
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Cities with Similar Populations
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- Oakland, CA: less expensive homes
- Oshkosh, WI: less expensive homes
- Nampa, ID: less expensive homes
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