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 $150,582, lower than the Pennsylvania average of $222,630.
The average cost of rent is $810/mo in Torrance, primarily driven by the current value of real estate in the Torrance area. While nearly 59.39% of residents own their homes outright in Torrance, 5.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Torrance is $7,369 per month. Households that rent pay about 10.99% of their income on rent here. Torrance's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Blairsville, PA: less expensive homes
- Strangford, PA: less expensive homes
- Seger, PA: equally priced homes
- West Bolivar, PA: less expensive homes
- Hillside, PA: less expensive homes
- Black Lick, PA: less expensive homes
- New Derry, PA: equally priced homes
- Robinson, PA: less expensive homes
- Derry, PA: less expensive homes
- Lewisville, PA: less expensive homes
Cities with Similar Populations
- Carbon, TX: less expensive homes
- Ubet, WI: higher priced homes
- Tyro, MS: equally priced homes
- Tyro, KS: less expensive homes
- Tyhee, ID: higher priced homes
- Tulip, IN: less expensive homes
- Chamois, MO: less expensive homes
- Center Moreland, PA: higher priced homes
- Carroll, NC: less expensive homes
- Carmel Highlands, CA: higher priced homes
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