Lomita, CA

Lomita is a city in the state of california with a population of roughly 21,508. It is in Los Angeles County, California the Los Angeles-Long Beach-Anaheim, CA core-based statistical areas (CBSA), and the Los Angeles-Long Beach, CA combined statistical area (CSA).Its Zip codes include 90717 .

Trends in Home Prices in Lomita, CA

Real estate in Lomita, CA is a hot commodity. The city has seen an influx of people and businesses in recent years, which has led to an increase in home prices and rental rates. There are a number of reasons why people are drawn to Lomita, including its close proximity to Los Angeles and the beach.

The median home price in Lomita was $527,000 as of September 2017. This is significantly higher than the statewide median home price of $394,500 but still relatively affordable when compared to other areas of California. The city also has a high rate of homeownership (81%), which contributes to its stable housing market.

Rental rates in Lomita are also very reasonable. As of September 2017, the average rent for a one-bedroom apartment was $1,150 per month and for a two-bedroom apartment it was $1,390 per month. These rates are much lower than those found in nearby cities such as Torrance or Hermosa Beach but still provide good value for the location and amenities offered by Lomita.

One downside to living in Lomita is that it can be difficult to find parking spaces on busy streets during peak hours. However, this problem is likely to become less common as more residents move into the city and demand increases for parking spaces.

Price Index: Los Angeles-Long Beach-Glendale, CA (MSAD)

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