Rent Remains Expensive in Hermosa Beach

HERMOSA BEACH, CA -- Hermosa Beach remains one of the most expensive places to live for renters with an increase in rent compared to 2015, according to RentCafe.

According to its report, published last week, Hermosa Beach's rent increased by 4.8 percent in 2016. The increase is lower than the increase in the city of Los Angeles, which increased by 5.7 percent. Hermosa Beach, however, has a higher average rent than the city of Los Angeles.

The average rent in Hermosa Beach is $2,487, making it the fifth highest rental market in the county. Santa Monica tops the list at $3,256.

"The oceanfront might have something to do with the high average as well as the stable growth in some of these (areas), though," RentCafe's Balazs Szekely said.

The rental prices are calculated by the actual rents in multi-family buildings with 50 or more units.

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