Short answer: In Long Beach, CA, the median home value is $849,500 and the median 3-bedroom rents for $2,676/mo (Census ACS 2024). That's a rent-to-price ratio of 0.32%, so it misses the 1% rule and ranks #42 of the 50 largest US rental markets. With 20% down at 7.40%, FirstDoor scores a median-priced home Pass (−$3,342/mo cash flow).
Key numbers
The 1% rule in Long Beach
The 1% rule says monthly rent should be at least 1% of the price. Here's how Long Beach compares.
Across all rentals (not just 3-bedrooms) the ratio is 0.23%. A home renting for the median 3-bedroom rent would need to cost about $268,000 or less to pass.
A typical Long Beach home, scored
We took a home at the median value, gave it the median 3-bedroom rent, and ran it through the same math as the FirstDoor calculator: 20% down, a 30-year loan at 7.40%, the city's median tax rate, and standard expense budgets.
| 3-bedroom rent (median) | $2,676 |
| Property tax ($5,721/yr, local median) | −$477 |
| Insurance ($4,250/yr, assumed) | −$354 |
| Vacancy 5% · Maintenance 5% · Management 8% | −$482 |
| Net operating income | $1,363 |
| Mortgage (P&I on $679,600 at 7.40%) | −$4,705 |
| Monthly cash flow | −$3,342 |
What price works in Long Beach?
Same rent, different prices. Here's the most you could pay in Long Beach for each result, keeping the median 3-bedroom rent and local tax rate.
Takeaways
- Long Beach's 0.32% ratio is far below the 1% rule (#42 of 50). Most investors here are betting on appreciation, not monthly income.
- A median-priced home here would cost you about $3,342/mo out of pocket after the mortgage and every expense. To break even you'd need to pay about $337,000, 60% below the median.
- Rents (+4.0%) and home values (+3.2%) moved roughly together from 2023 to 2024, so the ratio barely changed.
- Renters are the majority here (59% of households), so the tenant pool is deep.
- Renters already spend a median 33.4% of income on rent, so don't count on big rent increases.
Frequently asked questions
Does Long Beach pass the 1% rule?
No, on typical numbers. The median 3-bedroom gross rent is $2,676/mo and the median home value is $849,500 (Census ACS 2024 1-year), a ratio of 0.32%. To pass at that rent, a home would need to cost about $268,000 or less.
What is the typical rent for a 3-bedroom in Long Beach?
The median gross rent for a 3-bedroom in Long Beach, CA is $2,676 a month, and $1,962 across all rentals (Census ACS 2024 1-year). Gross rent includes utilities the renter pays, so the landlord's share can be a bit lower. The 3-bedroom median rose 4.0% from 2023.
Can you cash flow a rental in Long Beach?
At the median price, not easily. With 20% down at 7.40% and realistic expenses, a $849,500 home renting for $2,676 loses about $3,342/mo. It breaks even at roughly $337,000.
How much cash do you need to buy a typical rental in Long Beach?
About $195,400: a 20% down payment of $169,900 plus closing costs we assume at 3% ($25,500). Lenders often also want several months of reserves. Investment loans commonly need 15–25% down.
Is Long Beach a good place to buy a first rental?
FirstDoor scores a median-priced home in Long Beach as Pass (0 of 8 points). That's a starting point, not a verdict on every listing: neighborhoods vary, and buying below the median changes the math. Run any listing through the free calculator.
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Sources
Data: U.S. Census Bureau, 2024 American Community Survey 1-year estimates (released September 2025); year-over-year changes compare with 2023. Mortgage rate: Freddie Mac PMMS, week of October 15, 2026. Retrieved October 15, 2026. Insurance ($4,250/yr), closing costs (3%), maintenance (5%) and management (8%) are FirstDoor assumptions, not local data. Investment-property loans often price above the PMMS average. Medians describe the whole city, not any one home. Educational content, not financial advice.