Housing
A wide variety of housing styles are available in Long Beach and there are roughly 171,632 units of housing in the city. More people rent than own in the area with a 37.59% increase in home values as a 2-5 year gain. The median home price in Long Beach is $412,443. Housing ranges from luxury waterfront condominiums, townhouses and apartment buildings to hilltop ranch homes, tract housing, and California bungalows from the rapid development era of the 50’s. Land is prohibitively expensive with a quarter of an acre selling in the hundreds of thousands and more.