Torrance, California is a part of the West Torrance/Ranchos Palos Verdes Submarket submarket area, and contains 10 zip codes, including: 90502, 90510, 90501, 90507, 90506, and 90508.
The 2019 average effective rent for Class A, B, and C apartments in the Torrance, CA submarket area was $1,917, which is 18.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.41%. 2019 vacancy in Torrance, CA was 2.10%.
The total population of the city of Torrance, CA has decreased 0.18% since 2010. As of 2018, the population was 145,182. The median household income of the Torrance was $90,309, which is 49.78% higher than the national average.