Torrance, CA Real Estate
According to census data in the year 2000 there were 55,964 housing units in Torrance.
This represents a 1.9% growth from 54,927 in 1990.
Of those housing units, 55,964 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Torrance is about 56%.
Torrance's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Torrance were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.40% |
| One Bedroom | 19.30% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 33.10% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $320,700 |
| Median Price asked for vacant units | $340,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $866 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 57.90% |
| Debt Free | 24.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
