While many beach cities in California are heavily populated and have turned into popular tourist destinations, the city of Laguna Beach remains home to a smaller number of people when compared to surrounding areas including Huntington Beach and Newport Beach.
The warm climate and water temperatures make the city a popular place for resorts and visitors looking to relax with 22,723 residents according to the 2010 U.S. Census of Population and Housing.
The median age of those living in Laguna Beach was 43.41 years old, and only 16.1 percent of the population is under 18 years of age while 18.3 percent are over the age of 65. Between 2000 and 2010, the population of the city decreased by 4.2 percent while the overall population in California increased 10 percent.
According to the 2010 Census, the total number of housing units in Laguna Beach was 13,243 with 83.4 percent of them occupied leaving only 2,196 vacant housing units. The average home value is just over $1 million while the average monthly rent was $1,771, making available properties there some of the most expensive Los Angeles homes for sale.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.