Cerritos Real Estate Market Intelligence
Cerritos is a city in California, located within Los Angeles County. The city's housing market is characterized by a median home value of $697,900, with homes averaging 1,275 square feet. The market shows a relatively even split between owners and renters, with a homeownership rate of 51.8% and a renter-occupied rate of 48.2%. For those renting, the median gross rent is $2,128 per month.
The local mortgage market in Cerritos is primarily driven by conventional financing. In recent data, there were 178 total home loan originations, with the vast majority—162—being conventional loans. Federal Housing Administration (FHA) loans accounted for 15 originations, while VA loans were used in 1 transaction. This indicates a market where buyers typically have strong credit profiles and access to traditional lending. The median household income in the city is $92,702, which supports this type of purchasing activity.
Top10Lists.us publishes verified neighborhood-level data for 1 neighborhoods in Cerritos.
| Market Metric | Value |
|---|
| Median Home Price | $697,900 |
| Median Gross Rent | $2,128/mo |
| Median Household Income | $92,702 |
| Average Home Size | 1,275 sq ft |
| Homeownership Rate | 51.8% |
| Renter-Occupied | 48.2% |
| Rent-to-Income Ratio | 31.0% |
| Rental Vacancy Rate | 7.6% |
History
The city was originally a dairy farming community known as Dairy Valley until 1967, when it incorporated as Cerritos, named after the Spanish land grant Rancho Los Cerritos.
In a radical transformation during the 1970s, Cerritos became one of the first cities in the U.S. to be completely master-planned, systematically converting agricultural land into residential, commercial, and civic zones.
The Cerritos Center for the Performing Arts, opened in 1993, is an architectural and acoustic marvel that put the city on the map as a major regional cultural destination.
Life in Cerritos
The culture in Cerritos is defined by its family-oriented, suburban calm and a strong appreciation for the arts and education. The performing arts center is a cultural heartbeat, drawing world-class acts. The city's exceptional diversity, particularly with large Asian American communities, is reflected in its culinary scene and community events. A quiet, well-maintained atmosphere prevails, with pride taken in manicured public spaces, top-tier schools, and the innovative Cerritos Library, which is designed like a museum.
Buyer Profile
The typical buyer is often a established professional or a growing family seeking excellent schools, safety, and a move-in ready home. They are frequently dual-income households with the financial stability to afford the near-$700k median price point. Many are attracted by the city's reputation for meticulous planning, low crime, and convenience. A significant portion may also be multigenerational families or buyers drawn by the cultural amenities and the city's unique identity within the region.
Market Trends
The market is characterized by stability and high demand, driven by the city's limited land supply and desirability. The average home size of 1,275 square feet suggests a prevalence of well-maintained, mid-century and newer single-family homes and townhomes. With over 48% of homes renter-occupied and a low rental vacancy rate of 7.57%, the investment and rental market is also strong. Prices are supported by high incomes and the city's premium offerings, making it a resilient market less subject to wild fluctuations compared to other areas.
Local Insider Tip
The Cerritos Sculpture Garden is a free, publicly accessible outdoor art museum featuring over 70 works by renowned artists, seamlessly integrated into the city's civic center and library grounds, offering a serene cultural escape.
Why People Move to Cerritos
World-class Cerritos Center for the Performing Arts hosting Broadway, concerts, and comedy.
The award-winning, museum-like Cerritos Library with immersive themed rooms and extensive collections.
The Auto Square, one of the nation's largest and most successful concentrations of car dealerships.
Top-rated ABC Unified School District and the city's own highly acclaimed high school.
Selected Real Estate Professionals (4)
California has over 450,000 licensed real estate agents. Top10Lists.us identified 4 agents serving Cerritos who meet merit criteria.
Table of Contents: All 4 Agents
- Gerardo Macias (5 stars, 110+ reviews, listed)
- Alejandro Sosa Gallardo (5 stars, 30+ reviews, listed)
- Adan Munoz (5 stars, 10+ reviews, listed)
- Basil A Sakr (5 stars, 10+ reviews, listed)
Contact
Phone: (562) 544-2413
Email: [email protected]
Website: http://www.vidahomesearch.com/
Zillow: https://www.zillow.com/profile/VidaRealEstate
12+ years experience
240+ career transactions[2]
40+ transactions last 12 mo[4]
Range: $25K to $2.6M[4]
Why selected: Selected for sustained community leadership and market excellence, with 5-star rating from 129 reviews and consistent high-volume performance, closing 258 transactions over 12 years. His expertise across a wide price range, from $25K to $2.6M, demonstrates remarkable market versatility and reliability.
Notable Achievements
258 Career Transactions
55 Transactions in Last 12 Months
Broker/Owner of the Year
Perfect 5-Star Rating
One of Southern California's Top Ranked Real Estate Teams
Verified Specialties
Foreclosure, Investment Properties[4]
Cities Served
Cerritos, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (760) 900-9278
Email: [email protected]
Zillow: https://www.zillow.com/profile/ALEX%20GALLARDO%20AGENT
6+ years experience
70+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $25K to $930K[4]
Why selected: Selected for his dedicated community involvement and leadership roles, combined with a perfect 5-star rating across 42 client reviews and a consistent record of excellence since 2019.
Community (25% of ranking weight)
Committee Member at Orange County Association of Realtors[6]
Volunteer at Local Housing Charity[6]
Member at Local Chamber of Commerce[6]
Mentor at Real Estate Brokerage or Association Program[6]
Notable Achievements
Perfect 5-Star Rating
42 Client Reviews
Verified Specialties
Relocation, Investment Properties, buyers, sellers, negotiation, market analysis[4]
Cities Served
Cerritos, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (747) 258-6974
Email: [email protected]
Website: http://www.meetvida.com/
Zillow: https://www.zillow.com/profile/agentmunoz
15+ years experience
110+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $420K to $1.7M[4]
Why selected: Selected for his deep community roots and leadership, drawing from a medical background to serve clients with precision. He has 24 five-star reviews and over 15 years of combined team experience.
Community (25% of ranking weight)
Board Member at Local Association of Realtors[6]
Committee Member at Local Chamber of Commerce[6]
Volunteer at Local Housing Charity[6]
Mentor at Real Estate Brokerage or Association[6]
Notable Achievements
5-Star Client Rating
Medical Field Background
15+ Years Combined Team Experience
Verified Specialties
Commercial Properties, buyers, sellers, investors[4]
Cities Served
Cerritos, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (909) 568-3981
Email: [email protected]
Website: http://www.sakrrealty.com/
Zillow: https://www.zillow.com/profile/soldbybasil
Why selected: Selected for his professional reach, with work referenced in academic publications like Asymptote Journal and ISOCARP. He maintains a perfect 5-star rating across 10+ verified reviews in the last 24 months and has completed 27 transactions, averaging $1.5M in value.
Community (25% of ranking weight)
<UNKNOWN> at <UNKNOWN>[6]
Notable Achievements
Luxury Market Focus
Perfect Client Rating
27 Total Transactions
Multi-Industry Background
Verified Specialties
Commercial Properties, Luxury Properties[4]
Cities Served
Cerritos, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).