Malibu California City Guide

Reportedly, 12,846 people live in Malibu. The population in 2010 was 12,794. The population dipped drastically between 2011-2013. The city’s 10 year growth rate is 0.4%, while the annual growth rate is 0.06%.

6,555 women live in this part of California, which accounts for 51% of Malibu’s population. Another 6,291 residents are men, so 49% of the city’s population is male.

Malibu’s median age is 52, which is comparably higher than both statewide and national averages. About 20% of residents are under 20, and 12% are 20-34. Around 25% of residents are 35-54, while 20% are 55-64. About 23% of residents are over 65.

92.7% of the city’s residents are White alone, and 3.8% of the population is biracial or multiracial. Almost 2% of residents are of Asian descent, and 1.1% of residents are Black or African American.

8.7% of Malibu’s population is Hispanic or Latino, and 6% of the population speaks Spanish. 86.5% of Malibu residents only speak English. 1.4% of residents know German or another West Germanic language, while 1.9% of the population speaks another Indo-European language.

About 11% of the city’s population was born in another country. To compare, this is 2% under the national percentage and less than half of California’s percentage.

3 elementary schools, 1 middle school, and 1 high school are in Malibu. The city’s high school dropout rate is about 3%, seeing as 97.6% of adult residents have either a GED or a high school diploma.

15.8% of Malibu residents over 25 have some experience with college courses, while 8.1% of residents have an associate’s degree. 63% of the city’s adult population has earned a bachelor’s degree, while over 26% of residents have earned a graduate or professional degree. Another 6.5% of the population has a doctorate degree.

It’s of note that 53% of Malibu students attend public schools and 47% attend private schools.

Real estate prices in Malibu are among the highest in California and in all of the U.S. In 2019, the median property value in the city was $2,229,028. This was a 13% increase from the median property value of $1,970,000 recorded in 2017. Between 2016 and 2017, the median property value grew by 9.5%, from $1.8M to $1.97M. Median home prices in the city are expected to grow by 1.2% within 2020.

70% of housing units in Malibu are valued at more than $825, 000. Since 2015, homes in Malibu appreciated by 0.75%. This represents an annual appreciation rate of 3%. There are many pre-existing, remodeled, and newly constructed homes for sale in Malibu.

In 2017, the median household income in the city was $134,282. This was a 15% increase from the median household income of $116,904 recorded in 2016.

Malibu is among the most affluent suburbs in the Los Angeles area where residents get to enjoy the suburban feel. 73% of residents in the city own their homes. 61.1% of housing units in the area are single-family detached homes. Mobile homes or trailers account for 11.94% of properties in the area, while homes converted to apartments and small apartment buildings account for 9.5%.

51.3% of homes in Malibu were constructed between 1970 to 1999. 35.2% of housing units have three bedrooms, followed by two-bedroom homes which account for 24.5%. Currently, there are over 170 homes for sale in the city with an average median listing price of $3,295,000. Modern luxury homes in the area feature ocean view patios, two to three-car garages, gourmet kitchens, and private pools. In 2019, Malibu ranked 124th out of 526 places to be among the best suburbs to raise a family in California.

Malibu’s estimated median earnings per worker is $133K per year, and the city’s median household income is about $148K.

To give a specific idea of the city’s earnings distribution, 17% of the population makes less than $10K each year. Another 8% of residents earn between $10K-$20K each year.

An estimated 17% of the population makes $20K-$50K, while 12% of residents earn $50K-$75K annually. Another 8% of the population makes between $75K-$100K each year, and 38% of the population earns more than $100K each year.

Malibu’s unemployment rate tracks around 3%. Over 1,000 residents live below the poverty line, which equals 7.9% of the population.