Buena Park, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Buena Park, California rental market.
Buena Park, California
Average Apartment Rent
$2,333
Y-o-Y Change in Average
Apartment Rent
4.4%
As of November 2024
Compared to a year ago, Buena Park, California apartments have recorded a 4.4% rent increase.
Buena Park, California Average apartment rent trend
Buena Park, California Average Apartment Rent
Buena Park, California Apartment rent ranges
At 82.42%, apartments priced Over $2,000 represent the bulk of Buena Park, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.4%.
Buena Park, California Housing tenure**
Renters take up 43% of Buena Park, California real estate, occupying a total of 10,562 units, while homeowners live in 13,721 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$76,804
Average household size of renter-occupied housing units**
3.38
Rental vacancy rate**
1%
Buena Park, California Renter-occupied housing units by no. of bedrooms**
There are 5,290 rentals in Buena Park, California with 2 beds making up the highest share of the market, at 50%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 669 units. Overall, the median number of rooms in Buena Park, California homes for rent is 4.
Buena Park, California Renter-occupied units by age of householder**
Most condos for rent in Buena Park, California are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Buena Park, California Renter-occupied housing units by family type**
Buena Park, California Renter-occupied housing units by the presence of own children**
A total of 8,370 apartments for rent in Buena Park, California, or 79% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 4,327 units. All in all, the median size of a renter-occupied household in Buena Park, California is 3.38.
Buena Park, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Buena Park, California.
Buena Park, California Renter-occupied units by year structure built**
The highest share of Buena Park, California apartment rentals, namely 27% or 2,853 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (22%, 2,291 units), and the ones Built 1950 - 1959 (16%, 1,703 units).
Buena Park, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Buena Park, California renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Buena Park, California condos for rent is 2015.
Buena Park, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Buena Park, California renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 16% have 3 vehicles available.
Buena Park, California Means of transportation to work of householders living in renter-occupied housing units**
Buena Park, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Buena Park, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
