Hermosa Beach, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hermosa Beach, California rental market.
Hermosa Beach, California
Average Apartment Rent
$3,291
Y-o-Y Change in Average
Apartment Rent
8.1%
As of November 2024
Compared to a year ago, Hermosa Beach, California apartments have recorded a 8.1% rent increase.
Hermosa Beach, California Average apartment rent trend
Hermosa Beach, California Average Apartment Rent
Hermosa Beach, California Housing tenure**
Renters take up 49% of Hermosa Beach, California real estate, occupying a total of 4,318 units, while homeowners live in 4,564 properties.
Median number of rooms of renter-occupied housing units**
3.5
Renter median household income**
$128,409
Average household size of renter-occupied housing units**
1.93
Rental vacancy rate**
4.8%
Hermosa Beach, California Renter-occupied housing units by no. of bedrooms**
There are 1,630 rentals in Hermosa Beach, California with 1 bed making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 162 units. Overall, the median number of rooms in Hermosa Beach, California homes for rent is 3.5.
Hermosa Beach, California Renter-occupied units by age of householder**
Most condos for rent in Hermosa Beach, California are occupied by residents in the 25 - 34 years age group (41%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Hermosa Beach, California Renter-occupied housing units by family type**
Hermosa Beach, California Renter-occupied housing units by the presence of own children**
A total of 1,406 apartments for rent in Hermosa Beach, California, or 33% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 770 units. All in all, the median size of a renter-occupied household in Hermosa Beach, California is 1.93.
Hermosa Beach, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 78% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Hermosa Beach, California.
Hermosa Beach, California Renter-occupied units by year structure built**
The highest share of Hermosa Beach, California apartment rentals, namely 26% or 1,106 units, were Built 1970 - 1979, followed by those Built 1950 - 1959 (19%, 824 units), and the ones Built 1960 - 1969 (18%, 779 units).
Hermosa Beach, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Hermosa Beach, California renters (41%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Hermosa Beach, California condos for rent is 2018.
Hermosa Beach, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Hermosa Beach, California renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 11% have No vehicle available.
Hermosa Beach, California Means of transportation to work of householders living in renter-occupied housing units**
Hermosa Beach, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hermosa Beach, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
