Torrance, CA—90501
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 $972,000, with a year-over-year change of -2.0%. This indicates that home prices in Torrance, 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 | $972,000 | -2.0% |
| Single Family | $1,017,000 | -1.9% |
| Condos | $717,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $509,000 | -2.9% |
2 Bed | $805,000 | -2.7% |
3 Bed | $980,000 | -1.6% |
4 Bed | $1,238,000 | 0.7% |
| 5 Bed | $1,385,000 | 0.5% |
% of Housing Stock
Rental Trends — Torrance, CA
As of July '25, Rentcast reports the average rent in Torrance, CA is $3,140, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Torrance, CA is studios: $2,040, 1-bedrooms: $2,080, 2-bedrooms: $2,740, 3-bedrooms: $4,140, 4-bedrooms: $4,950. The most common rental property sizes in Torrance, CA are 2-bedroom and 1-bedroom, accounting for 43.6% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,140 |
| Studio Rent | $1,580 | $2,040 |
| 1 Bed Rent | $2,000 | $2,080 |
| 2 Bed Rent | $2,700 | $2,740 |
| 3 Bed Rent | $4,200 | $4,140 |
| 4 Bed Rent | $4,950 | $4,950 |
% 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 57. This is a increase of 24.0% 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 | $975,000 | 7.0% |
Listing Count | 51 | 30.0% |
| Listings as % of Homes | 0.2% | 30.0% |
Days on Market | 57 | 24.0% |
Demographics — Torrance, CA
As of the latest ACS Survey released in 2023, Torrance, CA has a population of 41,300, which has decreased by -2.4% over the past 5 years. Torrance, CA is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,300 | -2.4% |
% Under 18 | 21.9% | -8.7% |
% Seniors | 14.3% | 20.2% |
% WFH | 11.9% | 183.3% |
% w/ College Degree | 38.7% | 9.0% |
As of the latest ACS Survey released in 2023, Torrance, CA is a predominantly hispanic area, with 43.1% of the population identifying as hispanic. The hispanic population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Torrance, CA is asian, making up 27.6% of the population. Foreign-born residents account for 32.7% of the population in Torrance, CA, and this percentage has increased by 3.8% 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 | 19.8% | -11.2% |
% Black | 5.2% | -16.1% |
% Hispanic | 43.1% | 4.1% |
% Asian | 27.6% | 8.7% |
% Foreign Born | 32.7% | 3.8% |
Mortgage and Risk — Torrance, CA
According to HUD data as of 2023, there were 300 mortgage originations in Torrance, CA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Torrance, CA. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Torrance, CA
As of 2024, the percent of homes in Torrance, CA under the Section 8 program is 5.5%. 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 Torrance, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 418 |
Total Units Section 8 | 410 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $2,000 | $1,970 |
| 2 Bedroom | -$220 | $2,700 | $2,480 |
| 3 Bedroom | -$1,050 | $4,200 | $3,150 |
| 4 Bedroom | -$1,460 | $4,950 | $3,490 |
Affordability — Torrance, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $972,000 |
| Median Household Income | $92,800 |