Long Beach California
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This is an overview of the Long Beach California real estate market. It is intended as a resource for investors and other home buyers when researching Long Beach homes for sale.
The information is compiled from many sources, and will be updated every 3 months, however, some of the sources drawn from may be a few years older.
Last updated 3/15/2010.
OVERVIEW
Long Beach is located in Los Angeles County in Southern California. The area code is 562 and the zip codes include: 90801-90810,90813-90815,90822,90831-90835,90840,90842,90844,90846-90848,90853 and 90899.
The population is around 466,000 and the area covers 50.4 square miles.
Compared to the rest of California, Long Beach has a smaller portion of foreign born people, and a higher percentage of hispanic people and a higher percentage of foreign born people. The median age tends to be younger than the state average. The number of rooms per house is much lower than the state average and there is a higher percentage of renters as well.
MEDIAN HOME PRICE
The median sale price according to Zillow is $340,000 and according to Cyberhomes is $286,000.
Browse Long Beach California real estate listings:
PROPERTY TAXES
The median property taxes for houses with a mortgage are around $2710.
RENTS
The median gross rent is $957.
RENTERS VS. HOMEOWNERS
Around 56% are renters and 6% of homes are vacant.
MEDIAN INCOME
The estimated median household income is $66,000.
THE HOUSES
Most of Long Beach California real estate was built in the 1950's, with the next largest group being built before 1940. The third largest group was built in the 1940s.
JOBS
The most common 3 occupations include sale & office, professional positions and related, or service oriented.
There was 13.6% unemployment as of February of 2010.
COMMUTING
The average time for commuters to get to work is 29 minutes. Approximately 3% work from home.
THE PEOPLE
Ethnic makeup in this area is 36% hispanic, 33% white non-hispanic, 29% other, and 15% black. Of the 29% foreign born residents, most are from Mexico, the Philippines or Cambodia.
EDUCATION
24% have a bachelor's degree or higher, while 8% have a graduate or professional degree.
THE WEATHER
Temperatures range from 82 in summer to 46 degrees Fahrenheit in winter. There are usually 33 days of precipitation and you can expect about 278 sunny days per year. Rainfall is 10 inches annually.
CRIME
Property crime is higher here than in the rest of the U.S., and violent crime is a lot higher.
DISCLAIMER: All information is obtained amd combined from multiple sources but we cannot guarantee their accuracy.
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