October 7, 2020
By Saeed Ghaffari
What About Cerritos?
History & Attractions:
Cerritos (Spanish for little hills), known as Dairy Valley (1956-1967), is a city in Los Angeles County, California, United States, and is one of several cities that constitute the Gateway Cities of southeast Los Angeles County. It was incorporated on April 24, 1956.
Population as of April 2019: 49,859 with a median age of 45.
The median income for Cerritos residents hovers around $90,613
Aside from being with close proximity to all the So Cal beaches and the amenities in Los Angeles and Hollywood, there are many attractions within Cerritos city limits. Below is a handful of most popular ones among many.
- Cerritos Center for Performing Arts
- Heritage Park
- Iron-wood nine golf course
- Cerritos Sculpture Garden
- Cerritos Sports Complex
School ratings are an important factor for people with school age children in the location of their residence. Cerritos has 38 schools (elementary, middle and high school). Their ratings are all over the map, with a some over 8 and three of them with rating of 10, Cerritos High, Whitney High and Middle School.
Cerritos Real Estate
Home appreciation the last 10 years has been 24.9%. Home Appreciation in Cerritos (zip 90703) is up 4.7%.
Average Age of Homes
– The median age of Cerritos (zip 90703) real estate is 44 years old
The Rental Market in Cerritos (zip 90703)
– Renters make up 19.0% of the Cerritos (zip 90703) population
– 1.8% of houses and apartments in Cerritos (zip 90703), are available to rent
As of today, September 29, 2020, the market action index is at 76 for both condominiums and single family residences, a very strong seller market and it appears to have improved last month in favor of the sellers.
Single Family Residences
Cerritos RE Stats:
|Single Family Residence||Condominium|
|Price Per Square Foot||$448||$414|
|Median Rent||$3610 (3 bedrooms)||$2665 (2 bedrooms)|
Sources: Altos.re, bestplaces.net, greatschools.org & Wikipedia
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