Redondo Beach, CA—90278
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Redondo Beach, CA
Home Price Trends — Redondo Beach, CA
As of Oct '25, the median home price in Redondo Beach, CA is $1,368,000, with a year-over-year change of 0.6%. This indicates that home prices in Redondo Beach, CA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,368,000 | 0.6% |
| Single Family | $1,413,000 | 0.5% |
| Condos | $1,248,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $573,000 | -2.6% |
2 Bed | $965,000 | -1.1% |
3 Bed | $1,319,000 | 0.3% |
4 Bed | $1,601,000 | 0.6% |
| 5 Bed | $2,084,000 | 0.7% |
% of Housing Stock
Rental Trends — Redondo Beach, CA
As of July '25, Rentcast reports the average rent in Redondo Beach, CA is $4,390, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Redondo Beach, CA is studios: $1,930, 1-bedrooms: $2,330, 2-bedrooms: $3,110, 3-bedrooms: $5,420, 4-bedrooms: $6,160. The most common rental property sizes in Redondo Beach, CA are 2-bedroom and 3-bedroom, accounting for 54.6% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,390 |
| Studio Rent | $1,600 | $1,930 |
| 1 Bed Rent | $2,250 | $2,330 |
| 2 Bed Rent | $3,200 | $3,110 |
| 3 Bed Rent | $5,000 | $5,420 |
| 4 Bed Rent | $6,290 | $6,160 |
% of Rental Stock
Property Listings — Redondo Beach, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Redondo Beach, CA is 50. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,540,000 | -1.0% |
Listing Count | 94 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 50 | -12.0% |
Demographics — Redondo Beach, CA
As of the latest ACS Survey released in 2023, Redondo Beach, CA has a population of 42,500, which has increased by 4.6% over the past 5 years. Redondo Beach, CA is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,500 | 4.6% |
% Under 18 | 25.6% | 11.8% |
% Seniors | 13.0% | 13.0% |
% WFH | 25.9% | 280.9% |
% w/ College Degree | 62.5% | 8.9% |
As of the latest ACS Survey released in 2023, Redondo Beach, CA is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Redondo Beach, CA is asian, making up 20.7% of the population. Foreign-born residents account for 19.9% of the population in Redondo Beach, CA, and this percentage has increased by 0.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.2% | -7.8% |
% Black | 2.0% | -42.9% |
% Hispanic | 14.8% | -16.9% |
% Asian | 20.7% | 43.8% |
% Foreign Born | 19.9% | 0.5% |
Mortgage and Risk — Redondo Beach, CA
According to HUD data as of 2023, there were 339 mortgage originations in Redondo Beach, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Redondo Beach, CA. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 339 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Redondo Beach, CA
As of 2024, the percent of homes in Redondo Beach, CA under the Section 8 program is 8.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Redondo Beach, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 530 |
Total Units Section 8 | 530 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $2,250 | $2,480 |
| 2 Bedroom | -$70 | $3,200 | $3,130 |
| 3 Bedroom | -$1,020 | $5,000 | $3,980 |
| 4 Bedroom | -$1,880 | $6,290 | $4,410 |
Affordability — Redondo Beach, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $1,368,000 |
| Median Household Income | $149,000 |