The typical owner-occupied home in Long Beach is worth about $806,600, 10% above the California median of $734,700 and 2.4 times the national median of $332,700. Owners pay a median $5,151 a year in property taxes, about 0.64% of their home's value, lower than the California rate of 0.70%. The median household earns $87,430 a year, so the median home costs 9.2 times the median income (7.4 times for California). 41% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Long Beach at a glance
| Long Beach | California | U.S. | |
|---|---|---|---|
| Median home value | $806,600 | $734,700 | $332,700 |
| Median property tax paid per year | $5,151 | $5,124 | $3,119 |
| Property tax as a share of value | 0.64% | 0.70% | 0.94% |
| Median household income | $87,430 | $99,122 | $80,734 |
| Homes lived in by their owners | 41% | 56% | 65% |
| Owner homes with a mortgage | 70% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,984 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 25.0% | 24.8% | 21.0% |
| Median rent | $1,871 | $2,036 | $1,413 |
| Rent as a share of renters' income | 32.8% | 32.8% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 5.8% | 7.5% | 10.1% |
| Population | 455,548 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Long Beach
At this week's average 30-year rate of 7.11%, buying the median Long Beach home of $806,600 with 20% down costs about $5,107 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,581, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $218,876 for the 20%-down payment. That payment is 70% of the median Long Beach household income of $87,430; at that income and 20% down, the 28% guideline points to a home of about $322,000.
The median rent here is $1,871 a month, so owning the median home costs about $3,236 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $161,320 |
|---|---|
| Loan amount | $645,280 |
| Principal and interest | $4,341 |
| Property taxes (0.64% a year) | $430 |
| Homeowners insurance (our estimate, 0.5% a year) | $336 |
| PMI | $0 |
| Total per month | $5,107 |
Change the numbers in the calculator
| Down payment | $28,231 |
|---|---|
| Loan amount | $791,990 |
| Principal and interest | $5,328 |
| Property taxes (0.64% a year) | $430 |
| Homeowners insurance (our estimate, 0.5% a year) | $336 |
| FHA mortgage insurance | $486 |
| Total per month | $6,581 |
Change the numbers in the calculator
Questions about home buying in Long Beach
What is the median home value in Long Beach?
About $806,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Long Beach?
Homeowners pay a median $5,151 a year, which is about 0.64% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Long Beach?
For the median home with 20% down at 7.11%, the payment is about $5,107 a month. Keeping that under 28% of gross income takes about $218,876 a year.
More about Long Beach
- Mortgage Refinance in Long Beach
- Debt Relief in Long Beach
- Home Equity Loans in Long Beach
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data