Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Torrance area can be challenging. Home prices in Torrance are now at a median cost of $787,084, higher than the California average of $648,235.
The average cost of rent is $2,218/mo in Torrance, primarily driven by the current value of real estate in the Torrance area. While nearly 34.46% of residents own their homes outright in Torrance, 46.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Torrance is $8,304 per month. Households that rent pay about 26.71% of their income on rent here. Torrance's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Redondo Beach, CA: higher priced homes
- West Carson, CA: less expensive homes
- Lomita, CA: less expensive homes
- Harbor City, CA: less expensive homes
- Lawndale, CA: less expensive homes
- Hermosa Beach, CA: higher priced homes
- Carson, CA: less expensive homes
- Gardena, CA: less expensive homes
- Rolling Hills Estates, CA: higher priced homes
- Rolling Hills, CA: higher priced homes
Cities with Similar Populations
- Wilmar, AR: less expensive homes
- Woodbury, MN: less expensive homes
- Wright, MI: less expensive homes
- Woodbury, PA: less expensive homes
- Yorktown, IA: less expensive homes
- Wright, AR: less expensive homes
- Willsboro, NY: less expensive homes
- Wiley Ford, WV: less expensive homes
- Yorkville, OH: less expensive homes
- Woodbury, MI: less expensive homes
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