The housing market in Lomita, CA is one of the most expensive in the United States, with a median house value of $846,100. This figure is significantly higher than the US House Median Value of $338,100. In the past year, the appreciation rate for houses in Lomita has been 5.61%, lower than the national average of 8.27%. Despite this difference, it is clear that Lomita's real estate prices remain comparatively high due to its desirable location and other factors related to demand and supply.
The median home cost in Lomita is $846,100. Home appreciation the last 10 years has been 115.5%. Home Appreciation in Lomita is up 14.3%.
Average Age of Homes
- The median age of Lomita real estate is 53 years old
The Rental Market in Lomita
- Renters make up 54.5% of the Lomita population
- 1.0% of houses and apartments in Lomita, 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.