Rental Rates in Simi Valley and Rental Prices

Curated Results for Rental Rates in Simi Valley and Rental Prices

Rental Rates in Simi Valley and Rental Prices

Residents tend to be more long term with 90.70% staying in their residence for more than 1 year

Simi Valley has a total population of 126,878 and 72.40% of the population own their home. 27.60% of the occupied housing units are renters within the Simi Valley metro area. The median gross rent from 2014 - 2016 was $1,765 . Today, the rental rate has risen 0.45% from 2016. Residents tend to be more long term with 90.70% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $472,700 .

The rental rate has risen 0.45% from 2016

 Rental Rates in Simi Valley

The average rental rate for all rental properties within Simi Valley is $1,773 . The rental rates by bedrooms is as follows. A studio is $1,214 , a one bedroom is $1,562 , a two bedroom is $1,900 , and for three bedrooms, the rental rate is $2,343 . The average sq ft for a rental unit is 832 sq. ft. With 3 bedrooms being about on average 1,149 sq. ft

Simi Valley Data - Demographics

 The total population under the age of 18 is 28.30% . While those over 65 is 13.30% . Women make up 51.20% , while men make up the remaining 48.80% . 79.50% of the population is White, 25.10% is Latino and 1.30% African American.

 Education and Economy

6.00% of the population in Simi Valley is considered to be at the poverty level. The education level is rather high with 91.00% with a high school degree or higher. The median annual household salary for Simi Valley is $91,196 with 51.42% of all businesses within the city being owned by men, while 34.20% are owned by women and 31.27% of businesses are minority owned.

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