# Jacob Elordi's Neighborhood Housing Costs
Actor Jacob Elordi reportedly lives in an affluent coastal neighborhood, and housing costs there reflect the premium pricing typical of celebrity enclaves. Redfin's analysis reveals what buyers and renters actually face when shopping in this area.
The neighborhood commands steep entry prices for homebuyers. Single-family homes in the area start in the mid-$2 million range and climb well above $5 million for properties with ocean views or premium locations. Condos offer a lower entry point, typically starting around $1 million but quickly reaching $3 million or higher for desirable units.
Rental markets tell a different story. Two-bedroom apartments rent for $4,000 to $6,000 monthly, while three-bedroom homes command $7,000 to $10,000 or more. This pricing reflects high demand from entertainment industry professionals and wealthy relocators chasing the coastal lifestyle.
For buyers, the neighborhood remains deeply underwater for most households. A $2.5 million purchase requires roughly $500,000 in down payment plus mortgage payments exceeding $12,000 monthly at current rates, excluding property taxes, insurance, and HOA fees. Property taxes alone often run $30,000 to $50,000 annually.
Renters face a different calculus. Monthly rent payments of $5,000 to $8,000 appeal to those seeking short-term flexibility without committing massive capital. Young professionals and visiting executives frequently rent here rather than buy.
Developers continue building in adjacent neighborhoods at slightly lower price points, offering $1.5 million to $2.5 million homes within walking distance. These locations attract buyers priced out of prime oceanfront blocks but seeking proximity to the same schools, restaurants, and celebrity sightings.
The neighborhood's appeal extends beyond