Simi Valley, California Housing Market Prices
Simi Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 2% above the California median$660,641
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Median rent 26% above the California median$2,555
Housing Market Overview
| Metric | Simi Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $660,641 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.5% | 8.9% | 7.5% |
| Median Gross Rent | $2,555 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Simi Valley is about 2% higher than in California. Rent is about 26% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Simi Valley, up about 8.5% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Simi Valley rose about 49.8% between 2015 and 2024, from $1,706 to $2,555. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Simi Valley.
Buying the median-priced home in Simi Valley costs roughly 21.5 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 Simi Valley. The price-to-rent ratio in California is about 26.6.
| Metric | Simi Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $660,641 | $650,794 | $248,835 |
| Median Household Income | $117,960 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Simi Valley rose about 59.0%, while median household income rose about 29.4% between 2009 and 2025 — 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 | Simi Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 51.7% | 58.5% |
| Rental Rate | 27.2% | 40.8% | 31.2% |
| Vacancy Rate | 1.9% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Simi Valley has a homeownership rate of 70.9%, higher than the California average of 51.7%. Its housing vacancy rate is 1.9%, compared with 7.5% in California.
Housing Stock
| Metric | Simi Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Simi Valley was built around 1979. On average, 2.9 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Simi Valley, California.
What is the median home price in Simi Valley, California?
The median home price in Simi Valley, California is $660,641, higher than the California average of $650,794.
What is the average home price in Simi Valley, California?
The typical home price in Simi Valley, California, reported as the median sale price, is $660,641. 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 Simi Valley, California?
The median gross rent in Simi Valley, California is $2,555 per month, higher than the California average of $2,036.
What was the median gross rent in Simi Valley in 2020?
In 2020, the median gross rent in Simi Valley, California was $2,106 per month.
What is the price-to-rent ratio in Simi Valley, California?
The price-to-rent ratio in Simi Valley, California is about 21.5, meaning it would take roughly 21.5 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 Simi Valley.
Are home prices or rent rising faster in Simi Valley, California?
Both home prices and rent are rising in Simi Valley, up about 8.5% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Simi Valley, California?
70.9% of households in Simi Valley, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Simi Valley, California?
The housing vacancy rate in Simi Valley, California is 1.9%, lower than the California average of 7.5%.
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