Rancho Palos Verdes California City Guide

An estimated 42,271 residents live in Rancho Palos Verdes. The population varied little between 2010 and 2018, seeing as the population in 2010 was around 41,643. The city’s population changed 1.5% between 2010 and 2018.

49.6% of residents are female, and 50.4% of the city’s population is male.

Rancho Palos Verdes’s median age is 49, which is well over California’s average of 36. Slightly over 25% of residents are less than 20 years old, and under 10% are 20-34. Another 24% of residents are 35-54, while 15% are 55-64. Over 27% of residents are 65 years old and over.

57.8% of Rancho Palos Verdes residents are White, while 1.8% of residents are Black or African American. Another 31% of the population is Asian, and 9% of residents identify as Hispanic or Latino.

28% of Rancho Palos Verdes residents were born outside of the U.S., which is over the U.S. average but generally seen as average for California. 67% of residents were born in California, 10.2% were born in the midwest, and 9.1% were born in the northeast. 6% of residents were born in the south, while 5% of residents were born in the west.

About 97% of Rancho Palos Verdes adults have at least a high school education, which means the city’s high school dropout rate is around 3%. To compare, this rate is 4 times lower than the U.S. average.

47.1% of the city’s adult population has a bachelor’s degree, while 26.7% of residents hold a master’s degree. Another 10.2% of residents have earned a professional school degree, and 9.3% have an associate’s degree. Meanwhile, about 7% of residents hold a doctorate degree.

For quick reference, 84% of Ranchos Palos Verdes students are enrolled in public educational facilities, while 16% are enrolled in local private schools.

With exclusive neighborhoods and large properties, Rancho Palos Verdes has some of the highest real estate prices in California and in all of the U.S. In 2019, the median home property value in the city was $1,307,668. That was an increase of 24.5% from the median property value of $1.05M recorded in 2017. Between 2016 and 2017, the median property value in the city grew by 5%, from $1M to $1.05M.

Homes currently listed in Rancho Palos Verdes have a median price of $1,410,000 and an average price per square foot of $579. 53% of properties in the city are valued at higher than $1,153,000. 24% of properties in the area are valued between $865,001 and $1,153,000.

In 2017, the median household income in Rancho Palos Verdes was $124,552. This was a 3% increase from the median household income of $120,668 recorded in 2016.

Rancho Palos Verdes is an upscale neighborhood where nearly 79% of residents own their homes. The city has over 15,780 homes and apartments. Nearly 76% of all properties in the city are single-family detached homes. High rise apartments or large apartment complexes account for 15.36% of housing units, nearly 7% are row houses, and 2.13% are small apartment buildings or homes converted to apartments.

Nearly 64% of all housing units in the city were built from 1940 to 1969. Most of the properties were capes and ranches. 36.1% of housing units in the area have four bedrooms, followed by three-bedroom homes accounting for 30.4%. Modern luxury homes in the city feature expansive marble counters, oversized gourmet kitchens, and smart home technology. Currently, there are about 98 homes for sale in the city with prices ranging from $790,000 to $9,699,000.

The median earnings per worker in Rancho Palos Verdes is about $105K, and the city’s median household income is estimated to be $133K. About 13% of the population earns less than $10K annually, while 9% of the population earns between $10K-$20K each year.

An additional 18% of residents earn between $20K-$50K, and 16% of Rancho Palos Verdes residents make between $50K-$75K. Another 9% of the population makes $75K-$100K annually, and 36% of residents earn over $100K each year.

The city’s unemployment rate is 2%, which compares favorably to the national rate. A reported 1,766 residents live in poverty, which equals 4.2% of the population.