There are currently 94,060 real estate properties in Long Beach, CA, with a median automated valuation model (AVM) price of $821,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Long Beach, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Long Beach, CA, is $906,847.00, with the most expensive house in Long Beach, CA, topping out at $26,845,400.00 and the cheapest home in Long Beach, CA, clocking in at $100,169.00. In other words, there’s something for every potential homebuyer or savvy investor in Long Beach, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Beach, CA, is on a rollercoaster ride. The average rent price in Long Beach, CA, is $2,493.00. Indeed, when looking to rent in Long Beach, CA, you can expect to pay as little as $810.00 or as much as $6,660.00, with the average rent median estimated to be $2,390.00. The good news is that finding an affordable and desirable property to rent in Long Beach, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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