Home prices
Torrance's median home price is $762,700. In comparison to its surrounding areas this is roughly $63,620 (7%) lower.In comparison to the rest of the country it is about $545,200 (250%) higher, and it is approximately $125,800 (19%) higher in comparison to the city of Los Angeles.
Rents
In Torrance the median rent is $1,736 per month. Compared to its nearby areas this is roughly $89 (5%) higher.In comparison to the nation as a whole it is roughly $674 (63%) higher, and it is about $286 (19%) higher in comparison to the city of Los Angeles.
Nearby places
Redondo Beach
Redondo Beach is Torrance's neighbor to the northwest. Housing prices there are somewhat more expensive. Redondo Beach's median home cost is $926,500, which is $163,800 (17%) higher than Torrance. Rents there are somewhat more expensive. Redondo Beach's median monthly rent is $2,072, which works out to $336 (16%) higher than Torrance.
Lomita
Lomita is Torrance's neighbor to the south. Its real estate prices are a bit less expensive. Lomita's median home cost is $604,300, which is $158,400 (26%) lower than Torrance. Rent there is a bit less expensive. Lomita's median rent is $1,394 per month, which comes out to $342 (24%) lower than Torrance.
Alondra Park
Alondra Park is Torrance's neighbor to the north. Its real estate prices are a little less expensive. The price of the median home in Alondra Park is $584,000, which is $178,700 (30%) lower than Torrance. The rent there is a lot less expensive. The median monthly rent in Alondra Park is $1,213, which is $523 (43%) lower than Torrance.
West Carson
West Carson is roughly 2 miles east of Torrance. Housing prices there are substantially less expensive. The price of the median home in West Carson is $473,900, which works out to $288,800 (60%) lower than Torrance. The rent there is a little less expensive. The median monthly rent in West Carson is $1,376, which works out to $360 (26%) lower than Torrance.
Hermosa Beach
Hermosa Beach is approximately 3 miles northwest from Torrance. Its real estate prices are substantially more expensive. The median home cost in Hermosa Beach is $1,542,900, which comes out to $780,200 (50%) higher than Torrance. Rents there are a little more expensive. Hermosa Beach's median rent is $2,181 a month, which comes out to $445 (20%) higher than Torrance.
