Cerritos, CA—90703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cerritos, CA
As of Oct '25, the median home price in Cerritos, CA is $1,051,000, with a year-over-year change of 3.0%. This indicates that home prices in Cerritos, CA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,051,000 | 3.0% |
| Single Family | $1,072,000 | 2.5% |
| Condos | $532,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $219,000 | -20.4% |
2 Bed | $534,000 | -0.6% |
3 Bed | $959,000 | 2.7% |
4 Bed | $1,119,000 | 2.8% |
| 5 Bed | $1,279,000 | 3.1% |
% of Housing Stock
Rental Trends — Cerritos, CA
As of July '25, Rentcast reports the average rent in Cerritos, CA is $3,930, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Cerritos, CA is studios: $2,670, 1-bedrooms: $1,610, 2-bedrooms: $2,890, 3-bedrooms: $3,820, 4-bedrooms: $4,640. The most common rental property sizes in Cerritos, CA are 3-bedroom and 4-bedroom, accounting for 29.1% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,050 | $3,930 |
| Studio Rent | $2,660 | $2,670 |
| 1 Bed Rent | $1,100 | $1,610 |
| 2 Bed Rent | $2,800 | $2,890 |
| 3 Bed Rent | $3,950 | $3,820 |
| 4 Bed Rent | $4,300 | $4,640 |
% of Rental Stock
Property Listings — Cerritos, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cerritos, CA is 52. This is a increase of 64.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,260,000 | 13.0% |
Listing Count | 47 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 52 | 64.0% |
Demographics — Cerritos, CA
As of the latest ACS Survey released in 2023, Cerritos, CA has a population of 48,600, which has decreased by -4.6% over the past 5 years. Cerritos, CA is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,600 | -4.6% |
% Under 18 | 19.1% | -2.6% |
% Seniors | 25.2% | 12.0% |
% WFH | 17.3% | 284.4% |
% w/ College Degree | 56.9% | 10.5% |
As of the latest ACS Survey released in 2023, Cerritos, CA is a predominantly asian area, with 62.1% of the population identifying as asian. The asian population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Cerritos, CA is hispanic, making up 15.1% of the population. Foreign-born residents account for 43.5% of the population in Cerritos, CA, and this percentage has decreased by 1.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.7% | -20.9% |
% Black | 6.7% | -8.2% |
% Hispanic | 15.1% | 6.3% |
% Asian | 62.1% | 4.2% |
% Foreign Born | 43.5% | -1.1% |
Mortgage and Risk — Cerritos, CA
According to HUD data as of 2023, there were 307 mortgage originations in Cerritos, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Cerritos, CA. Investor activity is low, as 3.0% 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 | 307 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cerritos, CA
As of 2024, the percent of homes in Cerritos, CA under the Section 8 program is 0.4%. 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. In Cerritos, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $2,020 | $1,100 | $3,120 |
| 2 Bedroom | $1,140 | $2,800 | $3,940 |
| 3 Bedroom | $1,060 | $3,950 | $5,010 |
| 4 Bedroom | $1,250 | $4,300 | $5,550 |
Affordability — Cerritos, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $1,051,000 |
| Median Household Income | $133,000 |