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Long Beach real estate market overview
- Average Monthly Rent: $2,571
- Home Price/Value Percentage Change: -1.10%
- Median Home Value: $771,707
- Best Time To Sell a Home: September
- Affordability Index: Low
- Days To Sell a House: 60
- Job Market: Weak
- Public School Ranking: 40
Location and weather
When you hear the name Long Beach, you immediately think of whale watching off its Pacific coast, bicycle friendly streets, cultural activities, and beautiful beaches. Long Beach lies in San Pedro Bay, 22 miles south of Los Angeles. The city is known for its waterfront attractions, including the permanently docked RMS Queen Mary and the Aquarium of the Pacific. It also hosts the Grand Prix of Long Beach, which is an Indycar race.
It's sunny year-round in Long Beach, with summers that have high temperatures in the 70's and lows in the 60's. Winters are cold and windy, with high temperatures in the 40's and lows in the 20's.
Population, job market and cost of living
Long Beach's population is 468,086, with a growth of 0.1% annually.
The job growth has decreased by -12.21% over the last year and in ten years, is predicted to be at 32.47%. As a major tourist destination, the biggest employers are Health Care, Educational Services, Accommodation and Food Services.
The cost of living is high, due to the real estate market and increased cost of housing. With its stunning location on the Pacific coast, proximity to Los Angeles, large tourism industry, increasing job growth, and a variety of cultural and outdoor activities, Long Beach will continue to grow, attracting tourists and residents alike.
Long Beach real estate market details
- Hellman
- Downtown Long Beach
- Bixby Park
- Central Long Beach
- Rose Park
The average monthly rent in Long Beach is $2,571 for an average apartment size of 812 sq. feet.
There has been a -1.1% decrease in median home value over the last year. As of 2023, the median home value is $771,707.
On average, homes in Long Beach sell after 60 days on the market.
The best time to sell a house in Long Beach for the highest value is in September, while the quickest sale will be in May.
The affordability index in Long Beach is 159. This number indicates low affordability in this city.
The top ranked public schools are Eunice Sato Academy of Math & Science, Newcomb Academy, Ernest S. Mcbride Senior High School, Millikan High School, Polytechnic High School, and Tincher Preparatory. This information is based on school's combined maths and reading proficiency data in testing.