Home Values in Torrance, California — 2026 Market Report
Updated March 2026 | Balanced Market | +3.7% YoY
The median home value in Torrance, California is $975,000 as of March 2026, which is above the national median of $400,000. Home values in Torrance have increased by 3.7% over the past year and 19.9% over the last five years. With a population of 143,505 and a median household income of $85,250, the price-to-income ratio stands at 11.4x, making Torrance affordable for the average household.
Torrance Housing Market Conditions
| Metric | Torrance | National Avg |
|---|---|---|
| Median Home Value | $975,000 | $400,000 |
| YoY Appreciation | +3.7% | +3.8% |
| 5-Year Appreciation | +19.9% | +22.4% |
| Price per Sq Ft | $659 | $222 |
| Days on Market | 52 days | 45 days |
| Months of Supply | 3.5 | 3.5 |
| List-to-Sale Ratio | 101.2% | 98.5% |
| Monthly Homes Sold | 107 | — |
| Foreclosure Rate | 0.44% | 0.3% |
Home Value Trends in Torrance
A homeowner who purchased at the median price of $813,178 five years ago in Torrance would have gained approximately $161,822 in equity, representing a 19.9% return on investment. Over the past year alone, the typical homeowner gained $34,788 in home equity.
Affordability in Torrance, CA
With a median household income of $85,250 and a median home price of $975,000, the price-to-income ratio in Torrance is 11.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $6,848 compared to estimated monthly ownership costs of $5,249 gives a rent-vs-buy ratio of 0.77. In Torrance, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Torrance
The effective property tax rate in California is 0.76%. On a home valued at $975,000, the estimated annual property tax bill is $7,410, or approximately $618/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Torrance is 155.5 (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 Torrance, CA?
The median home value in Torrance, California is $975,000 as of March 2026. Home values have changed +3.7% over the past year, with a 5-year appreciation of 19.9%.
Is Torrance a buyer's or seller's market?
Torrance is currently a balanced market with 3.5 months of housing supply. Homes spend an average of 52 days on market, and the list-to-sale price ratio is 101.2%. Supply and demand are relatively balanced.
Are home values going up in Torrance?
Yes, home values in Torrance have increased by 3.7% over the past year. The 5-year appreciation rate is 19.9%, meaning a home worth $813,178 five years ago is now worth $975,000.
Is it better to rent or buy in Torrance?
The average monthly rent in Torrance is $6,848, while estimated monthly homeownership costs are approximately $5,249. The price-to-rent ratio is 11.9. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Torrance, 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.