Diamond Bar, 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 Diamond Bar, California rental market.
Diamond Bar, California
Average Apartment Rent
$2,589
Y-o-Y Change in Average
Apartment Rent
3.4%
As of November 2024
Compared to a year ago, Diamond Bar, California apartments have recorded a 3.4% rent increase.
Diamond Bar, California Average apartment rent trend
Diamond Bar, California Average Apartment Rent
Diamond Bar, California Apartment rent ranges
At 97.29%, apartments priced Over $2,000 represent the bulk of Diamond Bar, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.71%.
Diamond Bar, California Housing tenure**
Renters take up 23% of Diamond Bar, California real estate, occupying a total of 4,033 units, while homeowners live in 13,787 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$67,764
Average household size of renter-occupied housing units**
3.09
Rental vacancy rate**
2%
Diamond Bar, California Renter-occupied housing units by no. of bedrooms**
There are 1,403 rentals in Diamond Bar, California with 3 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 114 units. Overall, the median number of rooms in Diamond Bar, California homes for rent is 4.6.
Diamond Bar, California Renter-occupied units by age of householder**
Most condos for rent in Diamond Bar, California are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Diamond Bar, California Renter-occupied housing units by family type**
Diamond Bar, California Renter-occupied housing units by the presence of own children**
A total of 3,049 apartments for rent in Diamond Bar, California, or 76% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 1,627 units. All in all, the median size of a renter-occupied household in Diamond Bar, California is 3.09.
Diamond Bar, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Diamond Bar, California.
Diamond Bar, California Renter-occupied units by year structure built**
The highest share of Diamond Bar, California apartment rentals, namely 39% or 1,592 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (33%, 1,344 units), and the ones Built 1960 - 1969 (14%, 562 units).
Diamond Bar, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Diamond Bar, California renters (53%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Diamond Bar, California condos for rent is 2015.
Diamond Bar, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Diamond Bar, California renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 13% have 3 vehicles available.
Diamond Bar, California Means of transportation to work of householders living in renter-occupied housing units**
Diamond Bar, 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 Diamond Bar, 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
