Home Values in Long Beach, California — 2026 Market Report
Updated March 2026 | Balanced Market | +2.4% YoY
The median home value in Long Beach, California is $795,000 as of March 2026, which is above the national median of $400,000. Home values in Long Beach have increased by 2.4% over the past year and 12.6% over the last five years. With a population of 466,742 and a median household income of $64,407, the price-to-income ratio stands at 12.3x, making Long Beach affordable for the average household.
Long Beach Housing Market Conditions
| Metric | Long Beach | National Avg |
|---|---|---|
| Median Home Value | $795,000 | $400,000 |
| YoY Appreciation | +2.4% | +3.8% |
| 5-Year Appreciation | +12.6% | +22.4% |
| Price per Sq Ft | $702 | $222 |
| Days on Market | 37 days | 45 days |
| Months of Supply | 3.3 | 3.5 |
| List-to-Sale Ratio | 96.8% | 98.5% |
| Monthly Homes Sold | 321 | — |
| Foreclosure Rate | 0.42% | 0.3% |
Home Value Trends in Long Beach
A homeowner who purchased at the median price of $706,039 five years ago in Long Beach would have gained approximately $88,961 in equity, representing a 12.6% return on investment. Over the past year alone, the typical homeowner gained $18,633 in home equity.
Affordability in Long Beach, CA
With a median household income of $64,407 and a median home price of $795,000, the price-to-income ratio in Long Beach is 12.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,820 compared to estimated monthly ownership costs of $4,280 gives a rent-vs-buy ratio of 0.89. In Long Beach, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Long Beach
The effective property tax rate in California is 0.76%. On a home valued at $795,000, the estimated annual property tax bill is $6,042, or approximately $504/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Long Beach is 145.6 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Long Beach, CA?
The median home value in Long Beach, California is $795,000 as of March 2026. Home values have changed +2.4% over the past year, with a 5-year appreciation of 12.6%.
Is Long Beach a buyer's or seller's market?
Long Beach is currently a balanced market with 3.3 months of housing supply. Homes spend an average of 37 days on market, and the list-to-sale price ratio is 96.8%. Supply and demand are relatively balanced.
Are home values going up in Long Beach?
Yes, home values in Long Beach have increased by 2.4% over the past year. The 5-year appreciation rate is 12.6%, meaning a home worth $706,039 five years ago is now worth $795,000.
Is it better to rent or buy in Long Beach?
The average monthly rent in Long Beach is $4,820, while estimated monthly homeownership costs are approximately $4,280. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Long Beach, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.