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Market Snapshot

Median rent
$1,995/mo

The median market rent in Long Beach, CA ZIP 90802 is $1,995/month as of June 2026.

Days on market
404 days

The median days on market in Long Beach, CA ZIP 90802 is 404 days as of June 2026. The market is currently neutral.

Long Beach, CA 90802 Real Estate Market Report

ZIP Code: 90802

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
180 Days
Total Properties Analyzed
74
Active Listings
70
Sold Properties
4

Market Metrics

Median Listing Price
$0
Median Sold Price
$304,000
Median Price per Sqft
$735/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,995

Property Taxes

Property Tax Rate
0.83%

Liquidity & Velocity

Median Days on Market
404
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Long Beach, CA, are approximately 6.6% compared to the 5.5% average seen earlier in 2026, reflecting a market-wide increase in borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price: 304,000 — As the primary indicator of recent transaction activity, this median sold price combined with a up price year-over-year trend suggests measured appreciation in the 90802 market rather than speculative spikes.
  2. median days on market: 404 — The long median days on market points to slower sales velocity, which, when paired with observed listing conditions, may indicate pricing friction and elevated inventory relative to sales activity that can prolong time-to-contract.
  3. median price per square foot: 735 — At 735 per square foot, price positioning is elevated for coastal Long Beach product; combined with a median market rent: 1,995 and a up rent year-over-year trend, rental strength is supporting underlying property value for investors and owner-occupiers.
  4. interest rate context: Current 30-year fixed mortgage rates in Long Beach, CA, are approximately 6.6% compared to the 5.5% average seen earlier in 2026 — The observed increase in borrowing costs, alongside moderate interest rate pressure, may constrain buying power and contribute to slower transaction throughput despite steady price levels.

Notable Properties

The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

337 Cherry Ave, Long Beach, CA 90802
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds2 baths1,803 sqft
$1,420,000
Dec 1, 2025
$788/sqft/sqft
403 days on market
28 Hermosa Ave, Long Beach, CA 90802
Premium

Sold above market average

2 beds1 baths1,184 sqft
$1,051,000
Feb 1, 2026
$888/sqft/sqft
240 days on market
256 Falcon Ave, Long Beach, CA 90802
Premium

Sold above market average

1 beds1 baths850 sqft
$789,000
May 1, 2026
$928/sqft/sqft
103 days on market
414 Linden Ave, Long Beach, CA 90802
Premium

Sold above market average

1 beds1 baths674 sqft
$675,000
Apr 1, 2026
$1,001/sqft/sqft
404 days on market
414 Linden Ave, Long Beach, CA 90802
Premium

Sold above market average

1 beds1 baths674 sqft
$675,000
Apr 1, 2026
$1,001/sqft/sqft
404 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$154/mo
90802 Avg Rent
90802 Cost to Own
Rent$1,995
Own$1,841

20% down, 6.53% rate, 0.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

90802 Avg nightly rate
90802 Avg occupancy (days/year)
Nightly rate$248/night
Occupancy110 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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