Lomita, CA—90717
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lomita, CA
As of Oct '25, the median home price in Lomita, CA is $896,000, with a year-over-year change of -3.1%. This indicates that home prices in Lomita, CA are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $896,000 | -3.2% |
| Single Family | $934,000 | -3.2% |
| Condos | $592,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $568,000 | -6.9% |
2 Bed | $706,000 | -3.9% |
3 Bed | $897,000 | -3.2% |
4 Bed | $1,138,000 | -1.5% |
| 5 Bed | $1,223,000 | -1.4% |
% of Housing Stock
Rental Trends — Lomita, CA
As of July '25, Rentcast reports the average rent in Lomita, CA is $3,020, with a year-over-year rent change of 12.3%. Per bedroom, the median rent as of July '25 in Lomita, CA is studios: $3,000, 1-bedrooms: $2,050, 2-bedrooms: $2,890, 3-bedrooms: $3,820, 4-bedrooms: $4,720. The most common rental property sizes in Lomita, CA are 2-bedroom and 3-bedroom, accounting for 47.5% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,020 |
| Studio Rent | $3,000 | $3,000 |
| 1 Bed Rent | $1,880 | $2,050 |
| 2 Bed Rent | $2,950 | $2,890 |
| 3 Bed Rent | $4,000 | $3,820 |
| 4 Bed Rent | $4,500 | $4,720 |
% of Rental Stock
Property Listings — Lomita, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lomita, CA is 176. This is a increase of 194.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $949,000 | 16.0% |
Listing Count | 26 | -27.0% |
| Listings as % of Homes | 0.2% | -27.0% |
Days on Market | 176 | 194.0% |
Demographics — Lomita, CA
As of the latest ACS Survey released in 2023, Lomita, CA has a population of 21,300, which has decreased by -1.7% over the past 5 years. Lomita, CA is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,300 | -1.7% |
% Under 18 | 21.2% | 7.1% |
% Seniors | 18.1% | 16.0% |
% WFH | 10.5% | 144.2% |
% w/ College Degree | 37.2% | 10.7% |
As of the latest ACS Survey released in 2023, Lomita, CA is a predominantly white area, with 37.2% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Lomita, CA is hispanic, making up 34.1% of the population. Foreign-born residents account for 28.0% of the population in Lomita, CA, and this percentage has increased by 37.3% 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 | 37.2% | -7.9% |
% Black | 4.1% | -14.6% |
% Hispanic | 34.1% | -2.3% |
% Asian | 15.7% | 1.9% |
% Foreign Born | 28.0% | 37.3% |
Mortgage and Risk — Lomita, CA
According to HUD data as of 2023, there were 151 mortgage originations in Lomita, CA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lomita, CA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 151 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lomita, CA
As of 2024, the percent of homes in Lomita, 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 units appear to be good home sizes to consider for Section 8 housing in Lomita, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 524 |
Total Units Section 8 | 145 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,880 | $2,000 |
| 2 Bedroom | -$430 | $2,950 | $2,520 |
| 3 Bedroom | -$800 | $4,000 | $3,200 |
| 4 Bedroom | -$950 | $4,500 | $3,550 |
Affordability — Lomita, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $896,000 |
| Median Household Income | $93,000 |