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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||7.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22%|