Del Mar, 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 Del Mar, California rental market.
Del Mar, California
Average Apartment Rent
$3,489
Y-o-Y Change in Average
Apartment Rent
-3.2%
As of November 2024
Compared to a year ago, Del Mar, California apartments have recorded a -3.2% rent decrease.
Del Mar, California Average apartment rent trend
Del Mar, California Average Apartment Rent
Del Mar, California Housing tenure**
Renters take up 45% of Del Mar, California real estate, occupying a total of 815 units, while homeowners live in 1,007 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$151,146
Average household size of renter-occupied housing units**
1.96
Rental vacancy rate**
5%
Del Mar, California Renter-occupied housing units by no. of bedrooms**
There are 495 rentals in Del Mar, California with 2 beds making up the highest share of the market, at 61%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 20 units. Overall, the median number of rooms in Del Mar, California homes for rent is 3.7.
Del Mar, California Renter-occupied units by age of householder**
Most condos for rent in Del Mar, California are occupied by residents in the 45 - 54 years age group (34%), followed by those in the 65 - 74 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Del Mar, California Renter-occupied housing units by family type**
Del Mar, California Renter-occupied housing units by the presence of own children**
A total of 415 apartments for rent in Del Mar, California, or 51% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 147 units. All in all, the median size of a renter-occupied household in Del Mar, California is 1.96.
Del Mar, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 96% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Del Mar, California.
Del Mar, California Renter-occupied units by year structure built**
The highest share of Del Mar, California apartment rentals, namely 25% or 201 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (21%, 172 units), and the ones Built 1960 - 1969 (20%, 163 units).
Del Mar, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Del Mar, California renters (42%) moved in 2010 to 2017, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Del Mar, California condos for rent is 2014.
Del Mar, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Del Mar, California renters have 2 vehicles available per household, 41% of them have 1 vehicle available, and 8% have 3 or more vehicles available.
Del Mar, California Means of transportation to work of householders living in renter-occupied housing units**
Del Mar, 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 Del Mar, 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
