The housing market in Hermosa Beach, CA (90254) has seen a significant increase in value over the past year. The median value of homes in the area is $1,994,100, which is almost six times higher than the US House Median Value of $338,100. Furthermore, house appreciation in Hermosa Beach over the past year was 12.08%, which is significantly higher than the US 1 year House Appreciation rate of 8.27%. This shows that buying property in Hermosa Beach has been a smart move for investment purposes and with an expected continued growth rate of 12.08%, it looks like now is still a good time to invest in homes in this area.
The median home cost in Hermosa Beach (zip 90254) is $1,994,100. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Hermosa Beach (zip 90254) is up 16.0%.
Average Age of Homes
- The median age of Hermosa Beach (zip 90254) real estate is 49 years old
The Rental Market in Hermosa Beach (zip 90254)
- Renters make up 48.4% of the Hermosa Beach (zip 90254) population
- 2.2% of houses and apartments in Hermosa Beach (zip 90254), 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.