Torrance, CA—90504
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Torrance, CA
As of Oct '25, the median home price in Torrance, CA is $974,000, with a year-over-year change of -0.9%. This indicates that home prices in Torrance, CA are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $974,000 | -0.9% |
| Single Family | $982,000 | -0.9% |
| Condos | $712,000 | -1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $782,000 | -1.8% |
3 Bed | $960,000 | -1.1% |
4 Bed | $1,064,000 | -0.3% |
| 5 Bed | $1,198,000 | 1.3% |
% of Housing Stock
Rental Trends — Torrance, CA
As of July '25, Rentcast reports the average rent in Torrance, CA is $3,060, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Torrance, CA is studios: $1,980, 1-bedrooms: $2,140, 2-bedrooms: $2,700, 3-bedrooms: $4,000, 4-bedrooms: $4,900. The most common rental property sizes in Torrance, CA are 2-bedroom and 3-bedroom, accounting for 36.8% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,060 |
| Studio Rent | $1,850 | $1,980 |
| 1 Bed Rent | $2,000 | $2,140 |
| 2 Bed Rent | $2,500 | $2,700 |
| 3 Bed Rent | $4,100 | $4,000 |
| 4 Bed Rent | $4,800 | $4,900 |
% of Rental Stock
Property Listings — Torrance, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Torrance, CA is 30. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $974,000 | 1.0% |
Listing Count | 43 | 11.0% |
| Listings as % of Homes | 0.2% | 11.0% |
Days on Market | 30 | 10.0% |
Demographics — Torrance, CA
As of the latest ACS Survey released in 2023, Torrance, CA has a population of 33,300, which has decreased by -1.2% over the past 5 years. Torrance, CA is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | -1.2% |
% Under 18 | 20.7% | 4.0% |
% Seniors | 17.0% | 9.0% |
% WFH | 12.1% | 202.5% |
% w/ College Degree | 45.3% | 10.0% |
As of the latest ACS Survey released in 2023, Torrance, CA is a predominantly asian area, with 39.9% of the population identifying as asian. The asian population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Torrance, CA is hispanic, making up 26.0% of the population. Foreign-born residents account for 29.4% of the population in Torrance, CA, and this percentage has increased by 5.0% 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 | 23.6% | -9.6% |
% Black | 4.1% | 17.1% |
% Hispanic | 26.0% | 2.4% |
% Asian | 39.9% | 1.3% |
% Foreign Born | 29.4% | 5.0% |
Mortgage and Risk — Torrance, CA
According to HUD data as of 2023, there were 292 mortgage originations in Torrance, CA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Torrance, CA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Torrance, CA
As of 2024, the percent of homes in Torrance, CA under the Section 8 program is 5.9%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Torrance, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 289 |
Total Units Section 8 | 288 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $2,000 | $2,400 |
| 2 Bedroom | $530 | $2,500 | $3,030 |
| 3 Bedroom | -$250 | $4,100 | $3,850 |
| 4 Bedroom | -$530 | $4,800 | $4,270 |
Affordability — Torrance, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $974,000 |
| Median Household Income | $105,000 |