Long Beach Homes Have Increased In Value. What's Your Home Worth Now?
Let’s talk about something you probably don’t check nearly as often as your bank account — the value of your home. But when it comes to your financial picture, it’s something worth paying attention to.
When’s the last time you had a real estate professional give you an updated valuation of your Long Beach home?
If it’s been a while, you might be in for a surprise — and a good one.
Your Home is Likely Your Biggest Asset
For most Long Beach homeowners, their home is their single largest financial asset. And if you’ve lived in your house for several years (or more), it’s likely been quietly building wealth for you in the background.
Thanks to rising home values in Long Beach neighborhoods like Belmont Heights, Bixby Knolls, or Los Altos, your home could be worth significantly more today than when you bought it.
What Is Home Equity?
That wealth is called home equity — the difference between your home’s current market value and what you still owe on your mortgage. It grows over time as you pay down your loan and as property values increase.
For example, if your Long Beach home is now worth $1,000,000 and you owe $500,000 on your mortgage, you’ve got $500,000 in equity. That’s a powerful financial tool. (As of March 2025, the median sales price for a home was $989,000 and the average was $1,163,148 so if you’ve owned your home for a while, you probably have substantial equity.)
Why Long Beach Homeowners Likely Have More Equity Than They Think
There are two big reasons why homeowners in Long Beach (and across the country) are sitting on record amounts of equity:
- Significant Home Price Growth
Over the past five years, home prices nationwide have risen over 57%, and in Long Beach — especially in high-demand areas like Naples Island, Belmont Heights or the Ranchos — we’ve seen even stronger appreciation.
If you bought your home before or during the pandemic, chances are your property has seen a major jump in value. - Longer Homeownership
Many homeowners are staying put longer than they used to. According to the National Association of Realtors, the average homeowner now lives in their home for about 10 years.
If you’ve lived in your Long Beach home for a decade or more, you’ve likely built equity both through your mortgage payments and the city’s rising real estate values.
In fact, NAR estimates the typical homeowner has gained about $201,600 in wealth just from price appreciation over the last 10 years. That’s without even making major upgrades.
What Can You Do with Your Home Equity?
Your home isn’t just a place to live — it’s also a financial springboard. Here are a few smart ways to use your equity:
- Move up or downsize: Your equity could be the key to affording your next home — whether you’re upsizing for more space or downsizing for a simpler lifestyle. In some cases, Long Beach sellers can purchase their next home with cash.
- Renovate your home: Maybe it’s time to refresh your kitchen or create that outdoor entertaining space you’ve been dreaming of. Strategic upgrades can boost your home’s value even more.
- Start a business: Long Beach is full of entrepreneurs and creatives. If you’ve always wanted to launch something of your own, your home equity might provide the seed money to get started.
Bottom Line
Your Long Beach home might be worth a lot more than you realize. Whether you're considering selling, renovating, or simply planning for the future, understanding your equity is key.
So, what would you do if you had access to hundreds of thousands of dollars in equity?
Let’s talk. I’d be happy to give you a free, personalized market analysis and help you explore your options.
