Oxnard California Residential Rent and Rental Statistics
The median monthly gross residential rent in Oxnard, CA (the Oxnard-Thousand Oaks-Ventura metro area) was $1,859 in 2019 according to the Census ACS survey.1 Average gross rent in Oxnard was $1,842 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Oxnard median and average rent data will be released in September of 2021.
Data is also available below for Oxnard rental vacancy rates, Oxnard rent as a percent of median income and the fraction of renters in Oxnard.
Real Gross Rent in Oxnard California (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| California Median Gross Rent | $1,614 | +4.33% | +12.08% |
| Oxnard, CA Median Gross Rent | $1,859 | +4.50% | +7.77% |
Oxnard, CA Real Gross Rent Trends
At $1,859, real median gross rent in Oxnard was at its highest level in 2019 since the series began in 2005. At $1,842, real average gross rent in Oxnard was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Oxnard: Oxnard CA Median, Oxnard CA Average, California Median, US Median
Real Gross Rent History for Oxnard
| Date | US Median |
California Median |
Oxnard, CA Median |
Oxnard, CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $1,859 | $1,842 |
| 2018 | $1,077 | $1,547 | $1,779 | $1,729 |
| 2017 | $1,043 | $1,492 | $1,790 | $1,749 |
| 2016 | $1,027 | $1,440 | $1,725 | $1,708 |
| 2015 | $1,017 | $1,391 | $1,659 | $1,656 |
| 2014 | $986 | $1,339 | $1,589 | $1,606 |
| 2013 | $953 | $1,289 | $1,599 | $1,609 |
| 2012 | $940 | $1,277 | $1,530 | $1,565 |
| 2011 | $941 | $1,268 | $1,493 | $1,501 |
| 2010 | $955 | $1,300 | $1,543 | $1,570 |
| 2009 | $960 | $1,316 | $1,592 | $1,585 |
| 2007 | $927 | $1,266 | $1,558 | $1,544 |
| 2005 | $910 | $1,216 | $1,476 | $1,469 |
Oxnard Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Oxnard California was 4.50% according to Census ACS data.
Rental Vacancy Rate in Oxnard California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| Oxnard, CA | 4.50% | +0.27% | +0.42% |
Trends in Oxnard, CA Rental Vacancy Rate
The rental vacancy rate in Oxnard peaked in 2010 at 4.90%. Since then it has fallen by 0.40% to 4.50%. Data records for this series originated in 2005.
Rental Vacancy Rate: Oxnard CA, California, US
Historical Rental Vacancy Rate data for Oxnard
| Date | US | California | Oxnard, CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | 4.50% |
| 2018 | 6.15% | 3.97% | 4.23% |
| 2017 | 6.18% | 3.49% | 2.47% |
| 2016 | 5.89% | 3.31% | 4.08% |
| 2015 | 5.85% | 3.33% | 3.32% |
| 2014 | 6.32% | 3.90% | 3.35% |
| 2013 | 6.49% | 4.22% | 4.58% |
| 2012 | 6.77% | 4.51% | 2.32% |
| 2011 | 7.40% | 4.94% | 3.70% |
| 2010 | 8.17% | 5.86% | 4.90% |
| 2009 | 8.43% | 5.76% | 4.35% |
| 2007 | 7.87% | 4.72% | 2.78% |
| 2005 | 7.74% | 4.61% | 3.57% |
Rent as a Fraction of Income
Using median household income data for Oxnard, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oxnard, median monthly gross rent as a fraction of median household income was 24.19% in 2019 according to the ACS.
Oxnard California Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| California | 24.08% | -0.15% | -0.28% |
| Oxnard, CA | 24.19% | -0.60% | -0.48% |
Trends in Oxnard, CA Rent as a Fraction of Income
The fraction of median Oxnard household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 25.14%. Since then it has fallen by 0.96% to 24.19%.
Fraction of Income towards Rent: Oxnard CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Oxnard California
| Date | US | California | Oxnard, CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 24.19% |
| 2018 | 20.50% | 24.23% | 24.79% |
| 2017 | 20.13% | 24.18% | 25.14% |
| 2016 | 20.43% | 24.36% | 24.66% |
| 2015 | 20.63% | 24.39% | 23.45% |
| 2014 | 20.89% | 24.57% | 23.94% |
| 2013 | 20.78% | 24.40% | 23.55% |
| 2012 | 20.65% | 24.69% | 24.13% |
| 2011 | 20.70% | 24.59% | 22.22% |
| 2010 | 20.50% | 24.18% | 23.06% |
| 2009 | 20.12% | 23.52% | 23.37% |
| 2007 | 18.66% | 21.58% | 21.72% |
| 2005 | 18.89% | 21.77% | 21.20% |
Renter Fraction in Oxnard California
You can calculate the renter fraction in Oxnard in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Oxnard as a fraction of total Oxnard households. In 2019 37.25% of households were renters according to Census ACS data.
Oxnard Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| California | 45.14% | -0.04% | -1.22% |
| Oxnard, CA | 37.25% | -0.26% | -0.64% |
Trends in the Oxnard, CA Renter Fraction
The Oxnard household renter fraction peaked in in 2016 at 37.89% and is now 0.64% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Oxnard CA, California, US
History of Oxnard Renter Fraction
| Date | US | California | Oxnard, CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 37.25% |
| 2018 | 36.05% | 45.18% | 37.51% |
| 2017 | 36.13% | 45.21% | 37.18% |
| 2016 | 36.88% | 46.36% | 37.89% |
| 2015 | 36.97% | 46.41% | 36.71% |
| 2014 | 36.90% | 46.27% | 36.93% |
| 2013 | 36.50% | 46.21% | 36.74% |
| 2012 | 36.09% | 45.97% | 35.78% |
| 2011 | 35.42% | 45.12% | 34.64% |
| 2010 | 34.65% | 44.36% | 36.02% |
| 2009 | 34.13% | 43.43% | 34.94% |
| 2007 | 32.80% | 42.00% | 32.25% |
| 2005 | 33.10% | 41.56% | 31.08% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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