Long Beach, CA—90806
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 $761,000, with a year-over-year change of -3.6%. This indicates that home prices in Long Beach, 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 | $761,000 | -3.6% |
| Single Family | $771,000 | -4.0% |
| Condos | $517,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $486,000 | -4.1% |
2 Bed | $690,000 | -4.2% |
3 Bed | $792,000 | -4.1% |
4 Bed | $853,000 | -4.0% |
| 5 Bed | $923,000 | -3.9% |
% of Housing Stock
Rental Trends — Long Beach, CA
As of July '25, Rentcast reports the average rent in Long Beach, CA is $2,250, with a year-over-year rent change of 11.9%. Per bedroom, the median rent as of July '25 in Long Beach, CA is studios: $1,730, 1-bedrooms: $1,730, 2-bedrooms: $2,320, 3-bedrooms: $3,150, 4-bedrooms: $3,420. The most common rental property sizes in Long Beach, CA are 2-bedroom and 1-bedroom, accounting for 39.1% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,250 |
| Studio Rent | $1,600 | $1,730 |
| 1 Bed Rent | $1,700 | $1,730 |
| 2 Bed Rent | $2,100 | $2,320 |
| 3 Bed Rent | $2,950 | $3,150 |
| 4 Bed Rent | $3,400 | $3,420 |
% 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 42. This is a increase of 12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $857,000 | 3.0% |
Listing Count | 29 | 35.0% |
| Listings as % of Homes | 0.2% | 35.0% |
Days on Market | 42 | 12.0% |
Demographics — Long Beach, CA
As of the latest ACS Survey released in 2023, Long Beach, CA has a population of 40,000, which has decreased by -6.6% over the past 5 years. Long Beach, CA is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | -6.6% |
% Under 18 | 21.9% | -16.4% |
% Seniors | 12.2% | 29.8% |
% WFH | 10.9% | 263.3% |
% w/ College Degree | 21.9% | 33.5% |
As of the latest ACS Survey released in 2023, Long Beach, CA is a predominantly hispanic area, with 52.7% of the population identifying as hispanic. The hispanic population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Long Beach, CA is asian, making up 17.6% of the population. Foreign-born residents account for 30.1% of the population in Long Beach, CA, and this percentage has decreased by 8.5% 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 | 11.4% | 23.9% |
% Black | 14.4% | -11.7% |
% Hispanic | 52.7% | 1.7% |
% Asian | 17.6% | -12.9% |
% Foreign Born | 30.1% | -8.5% |
Mortgage and Risk — Long Beach, CA
According to HUD data as of 2023, there were 238 mortgage originations in Long Beach, CA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Long Beach, CA. Investor activity is low, as 4.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
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 15.0%. 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 | 1,238 |
Total Units Section 8 | 1,173 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,700 | $1,810 |
| 2 Bedroom | $190 | $2,100 | $2,290 |
| 3 Bedroom | -$10 | $2,950 | $2,940 |
| 4 Bedroom | -$160 | $3,400 | $3,240 |
Affordability — Long Beach, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $761,000 |
| Median Household Income | $73,700 |