Mortgage Rates in Redondo Beach, California — March 2026
Updated March 2026 | Based on Redondo Beach market data and regional lending conditions
Redondo Beach is a growing city in California with a population of 67,412. The current 30-year fixed mortgage rate in Redondo Beach is 6.75%, which is 0.1% above the national average. With a median home price of $814,000 and a 20% down payment of $162,800, homebuyers can expect a monthly principal and interest payment of approximately $4,224.
Current Mortgage Rates in Redondo Beach, CA
Below are the current average mortgage rates available in the Redondo Beach area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Redondo Beach Housing Market Overview
The Redondo Beach housing market is competitive with prices well above the national median. The median household income in Redondo Beach is $77,700, and the cost of living index is 154.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $202,243 to comfortably afford the median-priced home in Redondo Beach, which exceeds the current median household income.
Monthly Payment Breakdown for Redondo Beach
Based on the median home price of $814,000 with 20% down ($162,800), here is what you can expect to pay monthly in Redondo Beach:
15-Year vs. 30-Year Mortgage in Redondo Beach
Choosing a 15-year mortgage in Redondo Beach at 5.99% instead of a 30-year at 6.75% would save you $532,080 in total interest over the life of the loan. However, your monthly payment would be $5,492 instead of $4,224 — an increase of $1,268 per month.
Calculate Your Redondo Beach Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Redondo Beach
What are the current mortgage rates in Redondo Beach, CA?
As of March 2026, the average 30-year fixed mortgage rate in Redondo Beach, California is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Redondo Beach?
Based on the median home price of $814,000 with 20% down, the estimated monthly mortgage payment in Redondo Beach is $4,224 for principal and interest. Including property taxes of $495/month, the total monthly housing cost is approximately $4,719.
What income do I need to buy a home in Redondo Beach?
Using the 28% rule, you would need an annual income of approximately $202,243 to afford the median-priced home in Redondo Beach at $814,000. The median household income in Redondo Beach is $77,700. This means most households would need to either earn above the median or consider homes below $814,000.
Is Redondo Beach a good place to buy a home in 2026?
Redondo Beach has a higher cost of living than average with a cost of living index of 154.5 (national average = 100). The property tax rate in California is 0.73%, which is below the national average. Redondo Beach has a population of 67,412 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Redondo Beach, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.