Costa Mesa, 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 Costa Mesa, California rental market.
Costa Mesa, California
Average Apartment Rent
$2,812
Y-o-Y Change in Average
Apartment Rent
1.1%
As of November 2024
Compared to a year ago, Costa Mesa, California apartments have recorded a 1.1% rent increase.
Costa Mesa, California Average apartment rent trend
Costa Mesa, California Average Apartment Rent
Costa Mesa, California Apartment rent ranges
At 91.76%, apartments priced Over $2,000 represent the bulk of Costa Mesa, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.02%.
Costa Mesa, California Housing tenure**
Renters take up 60% of Costa Mesa, California real estate, occupying a total of 24,980 units, while homeowners live in 16,427 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$88,400
Average household size of renter-occupied housing units**
2.56
Rental vacancy rate**
3.4%
Costa Mesa, California Renter-occupied housing units by no. of bedrooms**
There are 11,347 rentals in Costa Mesa, California with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 257 units. Overall, the median number of rooms in Costa Mesa, California homes for rent is 3.9.
Costa Mesa, California Renter-occupied units by age of householder**
Most condos for rent in Costa Mesa, California are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Costa Mesa, California Renter-occupied housing units by family type**
Costa Mesa, California Renter-occupied housing units by the presence of own children**
A total of 12,592 apartments for rent in Costa Mesa, California, or 50% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 6,490 units. All in all, the median size of a renter-occupied household in Costa Mesa, California is 2.56.
Costa Mesa, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Costa Mesa, California.
Costa Mesa, California Renter-occupied units by year structure built**
The highest share of Costa Mesa, California apartment rentals, namely 26% or 6,480 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (24%, 6,096 units), and the ones Built 1980 - 1989 (14%, 3,528 units).
Costa Mesa, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Costa Mesa, California renters (40%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Costa Mesa, California condos for rent is 2016.
Costa Mesa, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Costa Mesa, California renters have 2 vehicles available per household, 38% of them have 1 vehicle available, and 10% have 3 vehicles available.
Costa Mesa, California Means of transportation to work of householders living in renter-occupied housing units**
Costa Mesa, 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 Costa Mesa, 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
