The housing market in Torrance, CA is thriving, with the median value of homes in the area being significantly higher than the national median value. In fact, in just one year Torrance experienced an impressive 11.41% house appreciation, which is considerably higher than the US's 8.27% rate. This shows that Torrance is a popular and desirable place to live as home values are rising much faster than the national average. With its high housing values and quick appreciation rate, Torrance provides plenty of opportunities for homeowners looking to invest in real estate.
The median home cost in Torrance is $1,038,700. Home appreciation the last 10 years has been 98.5%. Home Appreciation in Torrance is up 15.4%.
Average Age of Homes
- The median age of Torrance real estate is 55 years old
The Rental Market in Torrance
- Renters make up 41.7% of the Torrance population
- 1.4% of houses and apartments in Torrance, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.