Torrance, CA—90505
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 $1,379,000, with a year-over-year change of -0.8%. This indicates that home prices in Torrance, CA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,379,000 | -0.8% |
| Single Family | $1,432,000 | -1.2% |
| Condos | $611,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $526,000 | -3.1% |
2 Bed | $690,000 | -3.8% |
3 Bed | $1,312,000 | -1.9% |
4 Bed | $1,561,000 | -0.7% |
| 5 Bed | $1,743,000 | -1.2% |
% of Housing Stock
Rental Trends — Torrance, CA
As of July '25, Rentcast reports the average rent in Torrance, CA is $3,870, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Torrance, CA is studios: $2,370, 1-bedrooms: $1,890, 2-bedrooms: $2,910, 3-bedrooms: $5,350, 4-bedrooms: $5,820. The most common rental property sizes in Torrance, CA are 2-bedroom and 1-bedroom, accounting for 44.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,870 |
| Studio Rent | $2,190 | $2,370 |
| 1 Bed Rent | $1,900 | $1,890 |
| 2 Bed Rent | $3,000 | $2,910 |
| 3 Bed Rent | $4,950 | $5,350 |
| 4 Bed Rent | $5,500 | $5,820 |
% 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 54. This is a increase of 9.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,280,000 | -12.0% |
Listing Count | 62 | 32.0% |
| Listings as % of Homes | 0.2% | 32.0% |
Days on Market | 54 | 9.0% |
Demographics — Torrance, CA
As of the latest ACS Survey released in 2023, Torrance, CA has a population of 35,600, which has decreased by -5.4% over the past 5 years. Torrance, CA is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,600 | -5.4% |
% Under 18 | 24.0% | 4.8% |
% Seniors | 19.7% | 11.3% |
% WFH | 20.9% | 254.2% |
% w/ College Degree | 58.7% | 5.4% |
As of the latest ACS Survey released in 2023, Torrance, CA is a predominantly asian area, with 41.4% of the population identifying as asian. The asian population has grown by 12.8% in the last 5 years. The second most common race or ethnicity in Torrance, CA is white, making up 35.1% of the population. Foreign-born residents account for 31.3% of the population in Torrance, CA, and this percentage has increased by 0.6% 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 | 35.1% | -18.4% |
% Black | 2.8% | 16.7% |
% Hispanic | 14.3% | 8.3% |
% Asian | 41.4% | 12.8% |
% Foreign Born | 31.3% | 0.6% |
Mortgage and Risk — Torrance, CA
According to HUD data as of 2023, there were 277 mortgage originations in Torrance, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Torrance, CA. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 277 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Torrance, CA
As of 2024, the percent of homes in Torrance, CA under the Section 8 program is 2.0%. 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 Torrance, 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 | 137 |
Total Units Section 8 | 125 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 67.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,900 | $2,380 |
| 2 Bedroom | $0 | $3,000 | $3,000 |
| 3 Bedroom | -$1,140 | $4,950 | $3,810 |
| 4 Bedroom | -$1,270 | $5,500 | $4,230 |
Affordability — Torrance, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.4 |
| Median Home Price | $1,379,000 |
| Median Household Income | $111,000 |