Hermosa Beach, CA is a highly sought-after area known for its breathtaking oceanfront views and high quality of life. The housing median value in Hermosa Beach is currently $1,992,000, which is almost six times the US House Median Value of $338,100. This demonstrates the elevated property values associated with this desirable location. In the past year alone, the US House Appreciation rate was 8.27%, while in Hermosa Beach it was 12.08%. This reflects the tremendous demand for housing in the area and shows that properties here are growing in value at an even faster rate than other parts of the country.
The median home cost in Hermosa Beach is $1,992,000. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Hermosa Beach is up 16.0%.
Average Age of Homes
- The median age of Hermosa Beach real estate is 49 years old
The Rental Market in Hermosa Beach
- Renters make up 48.4% of the Hermosa Beach population
- 2.2% of houses and apartments in Hermosa Beach, 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.