Zip 90503 (Torrance, CA) Housing

The housing market in 90503 Torrance, CA is robust and healthy. The median value of a house in this area is $1,091,600 – much higher than the US median value of $338,100. This shows that Torrance has a much higher demand for housing than other parts of the country. In addition, the 1 year appreciation rate in 90503 Torrance is 11.37%, which is significantly higher than the US average of 8.27%. This suggests that the housing prices are rising rapidly and steadily in this area and it may be an ideal place to invest in property or buy a new home.

The median home cost in Torrance (zip 90503) is $1,091,600. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Torrance (zip 90503) is up 15.4%.

Average Age of Homes

- The median age of Torrance (zip 90503) real estate is 52 years old

The Rental Market in Torrance (zip 90503)

- Renters make up 45.3% of the Torrance (zip 90503) population
- 2.6% of houses and apartments in Torrance (zip 90503), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Torrance, California	United States
	18,306.0	139,647,020.0
	56	42
	$1,091,600	$338,100
	15.4%	16.6%
	41.8%	57.0%
	97.1%	101.1%
	$6.95	$10.98
	$5,982	$2,690
	49.4%	57.4%
	6.2%	11.2%
	44.4%	31.4%
Vacant Housing
	2.6%	1.9%
	0.6%	0.4%
	0.2%	0.7%
	0.2%	0.4%
	1.4%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.1%	2.4%
	0.3%	2.8%
	0.4%	3.9%
	0.1%	4.5%
	0.6%	11.3%
	0.4%	13.0%
	0.4%	20.1%
	0.8%	13.6%
	3.9%	8.3%
	22.5%	9.7%
	46.3%	3.9%
	21.4%	2.2%
	1.8%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	4.3%	13.6%
	14.0%	13.2%
	13.7%	14.8%
	4.3%	13.6%
	33.7%	10.0%
	2.3%	4.7%
	1.1%	12.2%

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