Expensive
Affordable
Affordable
Colorblind friendly
off
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 $1,019,848, higher than the California average of $812,006.
The average cost of rent is $2,478/mo in Torrance, primarily driven by the current value of real estate in the Torrance area. In Torrance, 47.70% of households rent, and 37.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Torrance is $9,885 per month. Households that rent pay about 25.07% of their income on rent here. Torrance’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
- 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood