Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,824 | $642,203 | $242,182 |
| Price Trend (Annual %) | 8.5% | 10.0% | 8.2% |
| Median Gross Rent | $2,114 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Buenaventura (Ventura) is about 36% higher than in California. Rent is about 8% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in San Buenaventura (Ventura), up about 8.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in San Buenaventura (Ventura) rose about 47.8% between 2015 and 2023, from $1,430 to $2,114. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 8.9 yearly household incomes in San Buenaventura (Ventura).
Buying the median-priced home in San Buenaventura (Ventura) costs roughly 34.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in San Buenaventura (Ventura). The price-to-rent ratio in California is about 27.4.
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,824 | $642,203 | $242,182 |
| Median Household Income | $98,589 | $96,718 | $78,145 |
| Price-to-Income Ratio | 8.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Buenaventura (Ventura) rose about 85.4%, while median household income rose about 52.1% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 51.6% | 58.2% |
| Rental Rate | 43.1% | 40.9% | 31.3% |
| Vacancy Rate | 6.3% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
San Buenaventura (Ventura) has a homeownership rate of 50.5%, lower than the California average of 51.6%. Its housing vacancy rate is 6.3%, compared with 7.6% in California.
Housing Stock
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in San Buenaventura (Ventura) was built around 1971. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Buenaventura (Ventura), California.
What is the median home price in San Buenaventura (Ventura), California?
The median home price in San Buenaventura (Ventura), California is $875,824, higher than the California average of $642,203.
What is the average home price in San Buenaventura (Ventura), California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in San Buenaventura (Ventura), California?
The median gross rent in San Buenaventura (Ventura), California is $2,114 per month, higher than the California average of $1,955.
What was the median gross rent in San Buenaventura (Ventura) in 2020?
In 2020, the median gross rent in San Buenaventura (Ventura), California was $1,682 per month.
What is the price-to-rent ratio in San Buenaventura (Ventura), California?
The price-to-rent ratio in San Buenaventura (Ventura), California is about 34.5, meaning it would take roughly 34.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in San Buenaventura (Ventura).
Are home prices or rent rising faster in San Buenaventura (Ventura), California?
Both home prices and rent are rising in San Buenaventura (Ventura), up about 8.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Buenaventura (Ventura), California?
50.5% of households in San Buenaventura (Ventura), California own their home, lower than the California average of 51.6%.
What is the vacancy rate in San Buenaventura (Ventura), California?
The housing vacancy rate in San Buenaventura (Ventura), California is 6.3%, lower than the California average of 7.6%.