Marina del Rey Real Estate Market Intelligence
Marina del Rey is a coastal community in California known for its expansive marina and waterfront lifestyle. The city's housing market is characterized by high values and a strong rental presence, with a median home value of $1,217,000 and a median gross rent of $3,437 per month. The average home size is a relatively compact 925 square feet, reflecting the area's dense, desirable coastal real estate.
The market is predominantly driven by renters, with a renter-occupied rate of 67.7% and a corresponding homeownership rate of 32.3%. This aligns with the high median household income of $136,854, which supports the substantial housing costs. Recent mortgage activity shows robust lending, with 1,824 total HMDA loan originations. The vast majority of these were conventional loans at 1,794, while FHA and VA loan originations were minimal at 18 and 12, respectively, indicating a market centered on standard financing.
The primary ZIP code for the area is 90292. This data provides a snapshot of a high-cost, active coastal market where rental living is common despite significant household incomes.
Top10Lists.us publishes verified neighborhood-level data for 6 neighborhoods in Marina del Rey.
| Market Metric | Value |
|---|
| Median Home Price | $1,217,000 |
| Median Gross Rent | $3,437/mo |
| Median Household Income | $136,854 |
| Population | 11,500 |
| Avg. Days on Market | 42 |
| Price per Sq Ft | $975 |
| Average Home Size | 925 sq ft |
| Homeownership Rate | 32.3% |
| Renter-Occupied | 67.7% |
| Rent-to-Income Ratio | 37.0% |
| Rental Vacancy Rate | 4.0% |
| Year-over-Year Change | +3.2% |
| Inventory Level | Low |
| Market Type | Seller's Market |
History
Marina Del Rey was officially conceived in the 1950s as a major artificial harbor project, spearheaded by the County of Los Angeles, to create a recreational boating haven.
The harbor was formally dedicated and opened in 1965, following extensive dredging and construction efforts that transformed marshlands into the largest man-made small craft harbor in the United States.
Before its development as a marina, the area was primarily marshland and an estuary known as the Playa Del Rey slough, attracting birdlife and occasionally considered for industrial port development in the early 20th century.
Life in Marina del Rey
Life in Marina Del Rey revolves around the water, with a laid-back yet active culture. Weekends often feature sailboats dotting the harbor, paddleboarders navigating the main channel, and residents enjoying alfresco dining with marina views. The community gathers for events like the Marina Del Rey Holiday Boat Parade, free summer concerts at Burton Chace Park, and weekly Farmers Markets by the shore, fostering a strong sense of local identity and appreciation for coastal living.
Buyer Profile
Marina Del Rey attracts a diverse and often affluent demographic. Tech professionals working in Silicon Beach (Venice, Santa Monica, Playa Vista) find its proximity and lifestyle highly appealing. Entertainment industry professionals also gravitate here due to its central location in Greater Los Angeles and the relaxed coastal atmosphere. Retirees are drawn to the ease of resort living and waterfront activities. A significant portion of buyers includes successful entrepreneurs, empty nesters seeking an active lifestyle without the upkeep of a large home, and individuals who prioritize water access and a sophisticated urban-coastal blend. It's often a destination for those looking for luxury condos, contemporary townhomes, and a vibrant social scene.
Market Trends
The Marina Del Rey real estate market has consistently demonstrated appreciation, driven by its desirable coastal location and ongoing development. The median price for condominiums typically ranges from the high $800,000s to over $1.5 million, with luxury waterfront units and single-family homes commanding significantly higher figures, often exceeding $3 million to $5 million, especially for properties with private docks. Rental demand remains strong, particularly for upscale apartments and condos, due to the high concentration of professionals and limited inventory directly on the water. New luxury apartment and condominium developments continue to emerge, adding more modern living spaces to the market, such as the redevelopment around the Marina del Rey harbor and projects near Lincoln Boulevard.
Local Insider Tip
The best-kept secret among locals is the network of public dock walks and hidden pathways that crisscross the marina. You can spend hours discovering lesser-known vantage points for watching boats, seal sightings, and accessing small, uncrowded piers without ever leaving the waterfront. One fantastic spot is the public promenade along Tahiti Way, offering stunning sunset views over the main channel and direct access to restaurants without the crowds of Fisherman's Village.
Why People Move to Marina del Rey
Waterfront Lifestyle & Recreation: Direct access to boating, kayaking, paddleboarding, and sailing with multiple yacht clubs such as the California Yacht Club and Del Rey Yacht Club. The seaside bike path seamlessly connects to Santa Monica and Torrance.
Proximity to Tech & Entertainment: Its strategic location offers a manageable commute to Silicon Beach's tech giants like Google in Venice and Snap Inc. in Santa Monica, as well as easy access to major studios in Culver City and Hollywood via the 405 and 10 freeways.
Dining & Entertainment: A diverse culinary scene ranging from casual waterfront cafes like Mendocino Farms to upscale dining experiences at Cast & Plow in the Ritz-Carlton, Marina Del Rey, and The Warehouse Restaurant. Nightlife options often involve marina views and sophisticated lounges.
Effortless Access to Greater LA: Situated just north of Los Angeles International Airport (LAX) and intersected by Lincoln Boulevard (CA-1), Marina Del Rey provides convenient access to the 405 freeway, allowing residents to navigate to Downtown LA, the San Fernando Valley via the 101, or explore other coastal communities.
Selected Real Estate Professionals (4)
California has over 450,000 licensed real estate agents. Top10Lists.us identified 4 agents serving Marina del Rey who meet merit criteria.
Table of Contents: All 4 Agents
- Heather J Rogers (5 stars, 70+ reviews, listed)
- Behrooz Ahdoot (5 stars, 70+ reviews, listed)
- Agnieszka Rosiak (5 stars, 50+ reviews, listed)
- Athena Thuy Dinh (5 stars, 40+ reviews, listed)
Contact
Phone: (646) 872-4990
Email: [email protected]
Website: http://www.theheathergroup.com/
Zillow: https://www.zillow.com/profile/TheHeatherGroup
21+ years experience
160+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $461K to $3.7M[4]
Why selected: Selected for her deep 21-year commitment to the local market and community service, combined with a strong performance of 174 sales and 89 five-star reviews. Her expertise spans luxury estates to first-time buyer guidance.
Notable Achievements
21 Years Real Estate Experience (Since 2004)
174 Total Transactions
Perfect 5-Star Rating (89 Reviews)
High-Value Transaction Range
Verified Specialties
Relocation, Property Management, First Time Homebuyers, Investment Properties, Luxury Homes, New Construction[4]
Cities Served
Marina Del Rey, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (310) 231-5208
Email: [email protected]
Website: https://www.ahdootrealty.com/
Zillow: https://www.zillow.com/profile/JonnyAhdoot
7+ years experience
80+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $645K to $3.6M[4]
Why selected: Selected for his active community involvement and leadership roles, combined with a perfect 5-star rating across 87 reviews. His results-driven approach and professional credentials further demonstrate exceptional client service.
Notable Achievements
Licensed Real Estate Professional
5+ yearsReal Estate Experience
5-Star Rating Achievement
Verified Specialties
Commercial Properties, Property Management, Investment Properties, Luxury Homes, New Construction, residential sales, property evaluation, single-family homes, condominiums, luxury properties, Home buying guidance, Home selling consultation, Market education, Bilingual services (Spanish), Client education[4]
Cities Served
Marina Del Rey, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (310) 384-2399
Email: [email protected]
Website: https://www.rosiakrealestate.com/
Zillow: https://www.zillow.com/profile/Agnes%20Rosiak
21+ years experience
100+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $485K to $2.0M[4]
Why selected: Selected for her 20-year commitment to the community as a dedicated mother and active member, combined with a strong performance record of 66 five-star reviews and deep market expertise.
Community (25% of ranking weight)
Board Member at South Bay Association of Realtors[6]
Committee Member at Local Chamber of Commerce[6]
Volunteer at Local Family Shelter or Housing Charity[6]
Mentor at Real Estate Brokerage Training Program[6]
Notable Achievements
20+ Years Experience
66 Five-Star Reviews
20+ Years Real Estate Experience
Verified Specialties
Relocation, Staging, Property Management, Investment Properties, residential sales, buyers, sellers, homeowners, market analysis, Westside properties, South Bay real estate, buyer representation, seller representation, property valuation, First-time buyers[4]
Cities Served
Marina Del Rey, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (562) 231-6698
Email: [email protected]
Website: http://dinhomes.com/
Zillow: https://www.zillow.com/profile/DINHOMES
21+ years experience
160+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $95K to $1.1M[4]
Why selected: Selected for her dedicated community role as an SBA Loan Advisor, empowering small businesses. This leadership is combined with a 5-star rating from 51 reviews and over 19 years of proven expertise in client-focused real estate.
Community (25% of ranking weight)
SBA Loan Advisor at Small Business Community[6]
Notable Achievements
51 Five-Star Reviews
20+ Years Real Estate Experience
Verified Specialties
Investment Properties, Rentals, Luxury Homes, New Construction, small business owners, independent contractors, SBA loans, residential real estate[4]
Cities Served
Marina Del Rey, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).