Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Redondo Beach

Learn about the people, housing, costs and businesses in Redondo Beach, California

Median Home$1,344,272
Median Rent$2,706/month
Population69,291
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare5% professional services
Home Value Growth⬆⬆+14.6% over 2 years
Young Adults25% of residents
Homeowners53% of occupied units
NotableHighly Educated41% bachelor's · 18% graduate · top 1% nationally
NotableAmenity Score83/100 · highly walkable area
Redondo Beach
CA

Frequently Asked Questions

What are today's mortgage rates in Redondo Beach?

As of today, the 30-year fixed mortgage rate for Redondo Beach is approximately 7.001% (7.034% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Redondo Beach
What is the median home price in Redondo Beach?

The median home value in Redondo Beach is $1.3M. The median monthly rent is $2,706. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redondo Beach?

Home values in Redondo Beach have increased 14.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redondo Beach?

Based on a typical all-in ownership cost of $2,860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $123k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redondo Beach is $154k/year.

Calculate your buying power
What industries drive the economy in Redondo Beach?

The largest employment sectors in Redondo Beach are public administration (22%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.