Housing in 90501 Torrance, CA is currently valued at an average of $880,000. This is significantly higher than the US house median value of $338,100. In addition to this, houses in 90501 Torrance have seen a 1 year appreciation rate of 11.37%, which is much higher than the US 1 year House Appreciation (8.27%). With a combination of high prices and strong appreciation rates, buying a home in 90501 Torrance could be a smart investment for those looking for a long-term real estate purchase.
The median home cost in Torrance (zip 90501) is $880,000. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Torrance (zip 90501) is up 15.4%.
Average Age of Homes
- The median age of Torrance (zip 90501) real estate is 54 years old
The Rental Market in Torrance (zip 90501)
- Renters make up 51.1% of the Torrance (zip 90501) population
- 1.3% of houses and apartments in Torrance (zip 90501), 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.