Torrance, CA—90503
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 $1,258,000, with a year-over-year change of 1.3%. This indicates that home prices in Torrance, CA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,258,000 | 1.3% |
| Single Family | $1,322,000 | 1.1% |
| Condos | $810,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $511,000 | -3.4% |
2 Bed | $786,000 | -2.7% |
3 Bed | $1,235,000 | 1.3% |
4 Bed | $1,494,000 | 1.1% |
| 5 Bed | $1,664,000 | 1.6% |
% of Housing Stock
Rental Trends — Torrance, CA
As of July '25, Rentcast reports the average rent in Torrance, CA is $3,010, with a year-over-year rent change of -15.9%. Per bedroom, the median rent as of July '25 in Torrance, CA is studios: $2,120, 1-bedrooms: $2,250, 2-bedrooms: $3,010, 3-bedrooms: $4,260, 4-bedrooms: $5,470. The most common rental property sizes in Torrance, CA are 2-bedroom and 1-bedroom, accounting for 41.5% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,010 |
| Studio Rent | $1,900 | $2,120 |
| 1 Bed Rent | $2,120 | $2,250 |
| 2 Bed Rent | $2,800 | $3,010 |
| 3 Bed Rent | $4,300 | $4,260 |
| 4 Bed Rent | $5,400 | $5,470 |
% 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 33. This is a increase of 13.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,210,000 | 1.0% |
Listing Count | 49 | 20.0% |
| Listings as % of Homes | 0.2% | 20.0% |
Days on Market | 33 | 13.0% |
Demographics — Torrance, CA
As of the latest ACS Survey released in 2023, Torrance, CA has a population of 43,800, which has decreased by -2.5% over the past 5 years. Torrance, CA is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 55.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,800 | -2.5% |
% Under 18 | 20.0% | -0.5% |
% Seniors | 17.2% | 6.2% |
% WFH | 23.1% | 371.4% |
% w/ College Degree | 55.4% | 2.4% |
As of the latest ACS Survey released in 2023, Torrance, CA is a predominantly asian area, with 41.5% of the population identifying as asian. The asian population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Torrance, CA is white, making up 33.2% of the population. Foreign-born residents account for 33.9% of the population in Torrance, CA, and this percentage has decreased by 1.5% 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 | 33.2% | -17.4% |
% Black | 4.0% | 81.8% |
% Hispanic | 15.1% | 26.9% |
% Asian | 41.5% | 2.0% |
% Foreign Born | 33.9% | -1.5% |
Mortgage and Risk — Torrance, CA
According to HUD data as of 2023, there were 327 mortgage originations in Torrance, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Torrance, CA. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 327 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Torrance, CA
As of 2024, the percent of homes in Torrance, CA under the Section 8 program is 3.2%. 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 Torrance, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 277 |
Total Units Section 8 | 271 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $2,120 | $2,460 |
| 2 Bedroom | $300 | $2,800 | $3,100 |
| 3 Bedroom | -$360 | $4,300 | $3,940 |
| 4 Bedroom | -$1,030 | $5,400 | $4,370 |
Affordability — Torrance, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $1,258,000 |
| Median Household Income | $120,000 |