Torrance, CA has a population of 147,190, while the median age is 42. The household income in Torrance, CA is around $85,070. The homeownership rate among the residents is 55%. The median residential property value in Torrance, CA that you should keep in mind is $687,900.
Population | 147,190 |
Median Age | 41.7 |
Poverty Rate | 7% |
Household Income | $85,070 |
Number Of Employees | 72,783 |
Median Property Value | $687,900 |
Rent Price |
Apr | vs Last Month |
---|---|---|
Studio apartments | $6,765 | +162.7% |
1-bed apartments | $5,614 | +192.9% |
2-bed apartments | $4,467 | +45.4% |
3-bed apartments | $8,291 | +94.3% |
4+ bed apartments | $11,051 | +96.5% |
Over the April 2023, the average rent for an apartment in/near Torrance, CA increased by 71.1% to $6,602.
Compared to the last month, the average price for a rental studio in Torrance, CA has increased by 162.7%. You can expect to rent the studio for $6,765 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 192.9% to $5,614. Pricing for 2-bed apartment also increased by 45.4% and a place of this size will now cost you $4,467. 3-bed apartment rent pricing starts at $8,291, it increased by 94.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 96.5% and made it up to $11,051.
Rent Type Price |
Apr | vs Last Month |
---|---|---|
Condos for rent | $4,140 | -8% |
Townhouses for rent | $3,475 | +39.3% |
Rooms for rent | $1,450 | -3.1% |
Houses for rent | $7,907 | +68.7% |
Apartments for rent | $3,712 | +32.3% |
The median rent for an apartment in Torrance, CA increased by 32.3% to $3,712. Statistics show that house rent price increased by 68.7% this month making it up to $7,907. Condos faced an upward trend these days. The median rent for a condo decreased by 8%, it’s now available for $4,140. An average room will now go for $1,450, the median rent price for a room decreased by 3.1%. The median rent for a townhouse increased by 39.3%, you’ll have to spend around $3,475 to get one.