Long Beach, CA—90802
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Long Beach, CA
As of Oct '25, the median home price in Long Beach, CA is $495,000, with a year-over-year change of -4.0%. This indicates that home prices in Long Beach, CA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $495,000 | -4.0% |
| Single Family | $697,000 | 0.0% |
| Condos | $476,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $410,000 | -4.9% |
2 Bed | $585,000 | -3.6% |
3 Bed | $983,000 | -0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Long Beach, CA
As of July '25, Rentcast reports the average rent in Long Beach, CA is $2,440, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Long Beach, CA is studios: $1,760, 1-bedrooms: $2,400, 2-bedrooms: $3,050, 3-bedrooms: $4,610. The most common rental property sizes in Long Beach, CA are 1-bedroom and studio, accounting for 43.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,440 |
| Studio Rent | $1,550 | $1,760 |
| 1 Bed Rent | $2,200 | $2,400 |
| 2 Bed Rent | $2,820 | $3,050 |
| 3 Bed Rent | $4,200 | $4,610 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Long Beach, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Long Beach, CA is 76. This is a increase of 31.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $547,000 | -2.0% |
Listing Count | 193 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 76 | 31.0% |
Demographics — Long Beach, CA
As of the latest ACS Survey released in 2023, Long Beach, CA has a population of 39,900, which has remained stable by 1.0% over the past 5 years. Long Beach, CA is a less popular place for families, as children make up 12.2% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,900 | 1.0% |
% Under 18 | 12.2% | -16.4% |
% Seniors | 9.5% | -1.0% |
% WFH | 20.7% | 155.6% |
% w/ College Degree | 43.8% | 8.4% |
As of the latest ACS Survey released in 2023, Long Beach, CA is a predominantly hispanic area, with 37.5% of the population identifying as hispanic. The hispanic population has grown by 5.6% in the last 5 years. The second most common race or ethnicity in Long Beach, CA is white, making up 32.5% of the population. Foreign-born residents account for 19.7% of the population in Long Beach, CA, and this percentage has decreased by 10.0% 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 | 32.5% | -14.0% |
% Black | 16.3% | 14.8% |
% Hispanic | 37.5% | 5.6% |
% Asian | 8.4% | 2.4% |
% Foreign Born | 19.7% | -10.0% |
Mortgage and Risk — Long Beach, CA
According to HUD data as of 2023, there were 338 mortgage originations in Long Beach, CA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Long Beach, CA. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 338 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 6.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Long Beach, CA
Long Beach, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,326 |
Total Units Section 8 | 1,302 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $2,200 | $2,120 |
| 2 Bedroom | -$140 | $2,820 | $2,680 |
| 3 Bedroom | -$790 | $4,200 | $3,410 |
| 4 Bedroom | N/A | N/A | $3,780 |
Affordability — Long Beach, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $495,000 |
| Median Household Income | $72,200 |