Home Values

Long Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$485,200

  • 9.6% 1-year change
  • 5.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Long Beach is $485,200. Long Beach home values have gone up 9.6% over the past year and Zillow predicts they will rise 5.5% within the next year. The median list price per square foot in Long Beach is $358, which is higher than the Los Angeles Metro average of $345. The median price of homes currently listed in Long Beach is $430,000 while the median price of homes that sold is $422,550. The median rent price in Long Beach is $1,395, which is lower than the Los Angeles Metro median of $2,180.

Foreclosures will be a factor impacting home values in the next several years. In Long Beach 2.2 homes are foreclosed (per 10,000). This is greater than the Los Angeles Metro value of 1.7 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Long Beach is 6.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Long Beach homeowners underwater on their mortgage is 11.0%, which is higher than Los Angeles Metro at 9.3%.

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Relative ZHVI
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Long Beach Market Overview

Data through Aug 31, 2014
  • $485,200 ZHVI
  • 5.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $430,000 Median listing price
  • $422,550 Median sale price
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Long Beach Market Health

Data through Aug 31, 2014
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Long Beach
1.7 homes Los Angeles Metro
4.3 homes United States
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Neighborhoods in Long Beach

Name Median ZHVI
Bixby Knolls $723,900
City College Area $572,200
California Heights $532,400
Name Median ZHVI
Rose Park $468,400
Traffic Circle $468,300
Poly High District $355,700
Name Median ZHVI
East Side $322,700
Zaferia $294,400
Hellman $280,500

Listings & Sales

Data through Aug 31, 2014
  • $358 Median list price / sq ft
  • $346 Median sale price / sq ft
  • 36.6% Listings with price cut
14.8%
Sold below listing
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Long Beach Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,213 Long Beach
    $2,409 Los Angeles Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,395 Rent list price
  • $1.74 Rent list price / sq ft
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