Long Beach, Ca
Welcome to the Long Beach Real Estate Guide!
Long Beach is a vibrant coastal city filled with plenty of opportunities and exciting activities. From its stunning beaches to its diverse neighborhoods and events, here are some of the great benefits to living in this amazing city:
Beaches & Boardwalk: With six miles of beachfront along its shoreline, Long Beach offers plenty of opportunities for relaxation. Take a stroll along the picturesque boardwalk and soak up some sun or explore the many beachfront parks for an enjoyable day outdoors.
Attractions & Events: From festivals and concerts to museum tours and sightseeing, there’s always something going on in Long Beach. Popular attractions like the Queen Mary Hotel and Aquarium of the Pacific are just some of the places you can explore.
Dining & Shopping: With its wide variety of restaurants, cafes and unique shops, there’s something here for everyone! Head over to Downtown Long Beach for all the best hidden gems.
Adventure Seekers: If you’re an adrenaline junkie, then you will love all that Long Beach has to offer! Go mountain biking in El Dorado Park or take a sailing trip around Catalina Island – there’s always something new to explore.
So come experience all that this vibrant coastal city has to offer! From its beautiful beaches and local attractions to its eclectic dining and entertainment options, it’s easy to see why so many people choose to call this place home.
Home price ranges / average sales price in Long Beach, Ca
According to Zillow, the median home value in Long Beach is $670,800. The median list price per square foot is $443 and the median sale price is $613,100. Homes in Long Beach range from around $300,000 to $3 million depending on size, location and amenities.
The real estate market in Long Beach is robust, with homes ranging from starter homes to luxury properties.
For first time buyers, there are plenty of affordable options ranging from $300,000 to $600,000. These usually include smaller homes or condos that are great for those just starting out.
For more established buyers with a larger budget, there are many more luxurious options available. Homes in the high-end range start around $1 million and can exceed prices over $3 million depending on size, location and amenities.
No matter what home you’re looking for or what your budget may be – Long Beach has something to offer everyone!
According to the US Census Bureau, the population of Long Beach, CA is diverse and includes people of different ethnic backgrounds, religions and income levels. The median household income in Long Beach is $59,948, while the median age is 36.2 years. The unemployment rate in the city was 7.3% as of May 2020. Local trends include an increase in housing prices and a growth in start-up businesses.
Long Beach is home to a variety of businesses, a large port, and numerous attractions including the Aquarium of the Pacific and the Queen Mary. Job growth has been positive in Long Beach, with the city adding 6,900 jobs from 2018-2019. Notable employers include Boeing, AT&T Mobility Services LLC, Molina Healthcare Inc., Epson America Inc., amongst others.
Property Value Analysis
Property value analysis in Long Beach, CA indicates that the city has seen steady growth since 2011. The median single-family home is valued at $587,700 as of May 2020, a 6.7% increase year over year. The average annual appreciation rate for the area is 3.3%, and the current market trend remains bullish.
The Long Beach real estate market is expected to remain strong in 2020 and beyond. The area has seen a surge in luxury home sales, with the median price of high-end homes reaching $1.5 million as of May 2020. Properties near the beachfront have continued to attract large amounts of interest from potential buyers, with average listing prices increasing by approximately 7% year over year. At the same time, rental prices have remained steady with an average rent rate of $2,257 per month.
The most desirable and safe neighborhoods in Long Beach, CA are Belmont Shore, Alamitos Heights, Bluff Heights, Los Cerritos, Bixby Knolls, Lakewood Village and Rossmoor. These areas boast high property values, low crime rates and easy access to amenities like shopping centers, parks and schools.
- Belmont Shore is located on the beachfront and is known for its beautiful homes, cool cafes and vibrant nightlife.
- Alamitos Heights has a relaxed atmosphere and is conveniently located near Downtown Long Beach, making it popular among young professionals.
- Bluff Heights enjoys one of the highest home values in the area due to its scenic views of the nearby coastline.
- Los Cerritos is close to some of Long Beach’s top schools, making it ideal for families with school-aged children.
- Bixby Knolls offers an abundance of shops, restaurants and entertainment options within easy reach.
- Lakewood Village is a serene neighborhood with large lots and plenty of green space.
- Finally, Rossmoor boasts top amenities such as a golf course, country club and an award-winning school district.
According to recent market reports, Long Beach neighborhoods are continuing to appreciate in value as inventory decreases and buyers compete for desirable homes.
- Belmont Shore is seeing an average of 6.9% increase in appreciation rates and prices ranging from $800K+ depending on the size and features of the house.
- Alamitos Heights is seeing 6.3% appreciation rates with homes starting at around $550K.
- Bluff Heights has been appreciating 7.5% annually with houses ranging from $750K+.
- Los Cerritos is showing 5.8% appreciation rate with 3-bedroom starter homes going for about $600K.
- Bixby Knolls averages a 6% appreciation rate with homes starting off at around $700k+.
- Lakewood Village boasts 8.4% average appreciation rates, ranging from mid-500s to high 600s depending on home size and style.
- Lastly, Rossmoor boasts 8.2% annual increases beginning at around $900k per dwelling unit.
The rental potential of properties in Long Beach depends on the location and features of the home.
- Rentals in Bluff Heights, Belmont Shore, and Alamitos Heights tend to be higher due to their close proximity to the beach and other attractions.
- Los Cerritos also has a solid rental market due to its affordability, while Lakewood Village is popular among young professionals seeking an affordable yet well-connected neighborhood.
- Bixby Knolls has seen a slight increase in rental pricing thanks to its laid-back suburban charm and Rossmoor offers some of the highest returns on investment for area landlords.
Generally speaking, rental yields tend to range from 2% – 4%, depending on the particular property’s location and amenities.
Consider the following amenities and features are available in each of these neighborhood, such as schools, parks, shopping centers etc.
- Schools: Long Beach’s award-winning public schools are available to families in Bluff Heights, as well as a range of private schools.
- Parks: Colorado Lagoon and Los Cerritos Park are both located within the neighborhood.
- Shopping: Bluff Heights boasts a diverse array of retail options, from local boutiques to popular chain stores.
- Schools: Residents of Belmont Shore are served by some of the state’s highest rated public schools, as well as several quality private schools.
- Parks: There is plenty of green space for outdoor activities in Belmont Shore, including Granada Beach, Rosie’s Dog Beach and Marine Stadium Park.
- Shopping: The area has everything from chic clothing stores to gourmet restaurants, making it a great place for shopping and dining.
- Schools: Alamitos Heights boasts some of the best public schools around, with highly rated elementary, middle and high school campuses located in the area.
- Parks: This coastal paradise offers plenty of parks and recreational areas like El Dorado Park with swimming pools, tennis courts and more.
- Shopping: From unique specialty stores on Second Street to big-box retailers at Long Beach Towne Center mall, Alamitos heights has something for everyone when it comes to shopping.
- Schools: Residents can enjoy access to numerous public school districts within the city limits plus several private school options in nearby neighborhoods.
- Parks: The area has lots of parks with playgrounds, trails and athletic fields such as Stearns Champions Park or Los Cerritos Park & Nature Center.
- Shopping: Both traditional malls like Lakewood Center Mall and trendy shops line Atlantic Avenue near downtown Long Beach catering to all kinds of tastes.
- Schools: Lakewood Village is home to a number of reputable public schools with top ratings throughout California plus private Christian schools like Woodruff Christian Academy or Faith Lutheran School nearby.*
- Parks: Lakewood Village residents can easily reach numerous iconic parks such as El Dorado Nature Center or Harry Bailey Aquatic Center.*
- Shopping: The area also features many shopping opportunities from big box retailers like Target at Long Beach Plaza Mall or smaller neighborhood markets along Candlewood Street or La Palma Avenue
The economies in Bluff Heights, Belmont Shore, Alamitos Heights, and Los Cerritos are largely dependent on the overall performance of the economy in Long Beach, California. In recent years, Long Beach has been performing well with relatively low unemployment rates and sustained job growth. This is reflected in the median income levels across most neighborhoods in Long Beach. These factors often have a positive effect on home prices due to increased demand for housing. Additionally, local tax laws, zoning restrictions, demand for rental properties, cost of construction materials and labor can all play a role in influencing home prices.
West BLVD Realty
10221 Slater Ave. #218, Fountain Valley, CA 92708
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