LONG BEACH, California Real Estate Market

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Long Beach is a city in the US state of California located within the Los Angeles metropolitan area. It is the 39th most populous city in the United States with a population of 462,257 in 2010. A charter city, Long Beach is the 7th most populous city in California. Incorporated in 1897, Long Beach lies in Southern California in the southeastern corner of Los Angeles County. Downtown Long Beach is approximately 22 miles (35 km) south of downtown Los Angeles, though the two cities also share a border for several miles along western Long Beach. The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The city is over an oilfield with minor wells both directly beneath the city as well as offshore. The city is known for its waterfront attractions, including the permanently docked RMS Queen Mary and the Aquarium of the Pacific. Long Beach also hosts the Grand Prix of Long Beach, currently an IndyCar race. The California State University, Long Beach, one of the largest universities in California by enrollment, is located in the city.

Long Beach Real Estate Market Statistics

  • Metropolitan statistical area: Los Angeles-Long Beach-Anaheim, CA
  • Population: 469,450 – 39ᵗʰ largest U.S. city (Wikipedia – 2017 estimate)
  • Median age: 33.6 years old (City Data, 2016 – U.S. median is 38)
  • Median household income: $60,075 (City Data, 2016 – U.S. median was $57,617)
  • Cost of living index: 138.4 (City Data, 2016 – U.S. average is 100)
  • Median 1-bedroom rent: $1382 (Rentonomics, 2018 – U.S. median is $743)
  • Year-over-year rent growth: 1.0% (Rentonomics, 2018 – U.S. average is 1.5%)
  • Median single-family home sale price: $628,900 (NAR, Q3 2018 – U.S. median is $266,900)
  • Year-over-year home sale price growth: 5.7% (NAR, Q3 2018 – U.S. median is 4.8%)

News on the Long Beach Real Estate Market

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