The typical owner-occupied home in Long Beach is worth about $362,700, 36% below the Washington median of $564,600 and 9% above the national median of $332,700. Owners pay a median $2,561 a year in property taxes, about 0.71% of their home's value, lower than the Washington rate of 0.81%. The median household earns $53,032 a year, so the median home costs 6.8 times the median income (5.8 times for Washington). 59% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Long Beach at a glance
| Long Beach | Washington | U.S. | |
|---|---|---|---|
| Median home value | $362,700 | $564,600 | $332,700 |
| Median property tax paid per year | $2,561 | $4,556 | $3,119 |
| Property tax as a share of value | 0.71% | 0.81% | 0.94% |
| Median household income | $53,032 | $98,141 | $80,734 |
| Homes lived in by their owners | 59% | 64% | 65% |
| Owner homes with a mortgage | 68% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,813 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 28.1% | 22.2% | 21.0% |
| Median rent | $741 | $1,760 | $1,413 |
| Rent as a share of renters' income | 29.6% | 30.0% | 30.6% |
| Median year homes were built | 1974 | 1985 | 1980 |
| Vacant homes | 45.8% | 7.3% | 10.1% |
| Population | 1,792 | 7,816,116 | 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 $362,700 with 20% down costs about $2,318 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,922, 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 $99,327 for the 20%-down payment. That payment is 52% of the median Long Beach household income of $53,032; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $741 a month, so owning the median home costs about $1,577 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $72,540 |
|---|---|
| Loan amount | $290,160 |
| Principal and interest | $1,952 |
| Property taxes (0.71% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| PMI | $0 |
| Total per month | $2,318 |
Change the numbers in the calculator
| Down payment | $12,694 |
|---|---|
| Loan amount | $356,131 |
| Principal and interest | $2,396 |
| Property taxes (0.71% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| FHA mortgage insurance | $160 |
| Total per month | $2,922 |
Change the numbers in the calculator
Questions about home buying in Long Beach
What is the median home value in Long Beach?
About $362,700 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 $2,561 a year, which is about 0.71% 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 $2,318 a month. Keeping that under 28% of gross income takes about $99,327 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