Ventura County California Residential Rent and Rental Statistics
The median monthly gross residential rent in Ventura County CA was $1,859 in 2019 according to the Census ACS survey.1 Average gross rent in Ventura County 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 Ventura County median and average rent data will be released in September of 2021.
Data is also available below for Ventura County rental vacancy rates, Ventura County rent as a percent of median income and the fraction of renters in Ventura County.
Real Gross Rent in Ventura County 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% |
| Ventura County CA Median Gross Rent | $1,859 | +4.50% | +7.77% |
Ventura County CA Real Gross Rent Trends
At $1,859, real median gross rent in Ventura County was at its highest level in 2019 since the series began in 2005. At $1,842, real average gross rent in Ventura County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Ventura County CA Median, Ventura County CA Average, California Median, US Median
Real Gross Rent History for Ventura County
| Date | US Median |
California Median |
Ventura County CA Median |
Ventura County 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 |
Ventura County 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 Ventura County California was 4.50% according to Census ACS data.
Rental Vacancy Rate in Ventura County California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| Ventura County CA | 4.50% | +0.27% | +0.42% |
Trends in Ventura County CA Rental Vacancy Rate
The rental vacancy rate in Ventura County 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: Ventura County CA, California, US
Historical Rental Vacancy Rate data for Ventura County
| Date | US | California | Ventura County 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 Ventura County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ventura County, median monthly gross rent as a fraction of median household income was 24.19% in 2019 according to the ACS.
Ventura County 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% |
| Ventura County CA | 24.19% | -0.60% | -0.48% |
Trends in Ventura County CA Rent as a Fraction of Income
The fraction of median Ventura County 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: Ventura County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Ventura County California
| Date | US | California | Ventura County 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 Ventura County California
You can calculate the renter fraction in Ventura County 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 Ventura County as a fraction of total Ventura County households. In 2019 37.25% of households were renters according to Census ACS data.
Ventura County 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% |
| Ventura County CA | 37.25% | -0.26% | -0.64% |
Trends in the Ventura County CA Renter Fraction
The Ventura County 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: Ventura County CA, California, US
History of Ventura County Renter Fraction
| Date | US | California | Ventura County 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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