Long Beach real estate appeals to buyers who want coastal Southern California living without paying peak Los Angeles prices. The median home price in Long Beach runs around $750,000, with significant variation by neighborhood. Single-family homes in Bixby Knolls and Los Altos attract families, while Belmont Shore and Naples Island command premium prices for their walkability and waterfront access. Downtown condos offer entry points in the $450,000-$650,000 range.
Loan options and HOA fees Long Beach buyers should plan for
Most Long Beach transactions involve jumbo loans, as prices in desirable neighborhoods exceed conforming limits. Long Beach is also one of the larger VA loan markets in LA County, with veterans stationed at Joint Forces Training Base Los Alamitos and beyond. FHA financing is applicable in lower-cost zip codes, particularly in North Long Beach and the western neighborhoods where entry-level single-family homes still trade below FHA limits.
HOA fees in Long Beach condo developments range from $300 to $600 per month in most buildings, with waterfront properties in Belmont Shore occasionally exceeding $800. Property taxes run approximately 1.15-1.25% of assessed value. For investors, cap rates on multifamily properties in Long Beach average 3.5-5%, with stronger yields in transitional areas north of the 405 freeway where rent growth has been consistent over the past five years.
