Long Beach, CA—90807
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 $935,000, with a year-over-year change of -2.8%. This indicates that home prices in Long Beach, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $935,000 | -2.8% |
| Single Family | $990,000 | -3.7% |
| Condos | $479,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $374,000 | -6.5% |
2 Bed | $760,000 | -1.8% |
3 Bed | $993,000 | -3.8% |
4 Bed | $1,216,000 | -3.0% |
| 5 Bed | $1,549,000 | -1.9% |
% of Housing Stock
Rental Trends — Long Beach, CA
As of July '25, Rentcast reports the average rent in Long Beach, CA is $2,740, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Long Beach, CA is studios: $1,980, 1-bedrooms: $2,050, 2-bedrooms: $2,770, 3-bedrooms: $4,200, 4-bedrooms: $8,600. The most common rental property sizes in Long Beach, CA are 1-bedroom and 2-bedroom, accounting for 38.4% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,740 |
| Studio Rent | $2,030 | $1,980 |
| 1 Bed Rent | $1,980 | $2,050 |
| 2 Bed Rent | $2,600 | $2,770 |
| 3 Bed Rent | $3,700 | $4,200 |
| 4 Bed Rent | $8,200 | $8,600 |
% 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 47. This is a increase of 34.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,090,000 | 1.0% |
Listing Count | 61 | -8.0% |
| Listings as % of Homes | 0.3% | -8.0% |
Days on Market | 47 | 34.0% |
Demographics — Long Beach, CA
As of the latest ACS Survey released in 2023, Long Beach, CA has a population of 33,300, which has increased by 3.9% over the past 5 years. Long Beach, CA is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | 3.9% |
% Under 18 | 20.2% | 2.5% |
% Seniors | 17.0% | 7.6% |
% WFH | 20.2% | 242.4% |
% w/ College Degree | 45.2% | 12.7% |
As of the latest ACS Survey released in 2023, Long Beach, CA is a predominantly white area, with 35.7% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Long Beach, CA is hispanic, making up 28.5% of the population. Foreign-born residents account for 21.3% of the population in Long Beach, CA, and this percentage has increased by 12.1% 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 | 35.7% | -3.0% |
% Black | 14.8% | -11.9% |
% Hispanic | 28.5% | 10.5% |
% Asian | 15.3% | -5.6% |
% Foreign Born | 21.3% | 12.1% |
Mortgage and Risk — Long Beach, CA
According to HUD data as of 2023, there were 378 mortgage originations in Long Beach, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Long Beach, CA. Investor activity is low, as 3.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 378 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Long Beach, CA
As of 2024, the percent of homes in Long Beach, CA under the Section 8 program is 3.9%. 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 Long Beach, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,980 | $2,110 |
| 2 Bedroom | $60 | $2,600 | $2,660 |
| 3 Bedroom | -$320 | $3,700 | $3,380 |
| 4 Bedroom | -$4,450 | $8,200 | $3,750 |
Affordability — Long Beach, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $935,000 |
| Median Household Income | $95,100 |