The housing market in 90505 Torrance, CA is very strong. The median value of a house in this area is $1,242,200, which is more than three times the US median value of $338,100. Over the past year, the US housing market has experienced an appreciation of 8.27%, while houses in 90505 Torrance, CA have seen an even more impressive 11.37% appreciation rate. This indicates that now is an excellent time to invest or purchase a property in this area.
The median home cost in Torrance (zip 90505) is $1,242,200. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Torrance (zip 90505) is up 15.4%.
Average Age of Homes
- The median age of Torrance (zip 90505) real estate is 53 years old
The Rental Market in Torrance (zip 90505)
- Renters make up 40.8% of the Torrance (zip 90505) population
- 1.7% of houses and apartments in Torrance (zip 90505), 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.