Garden Grove, California Rental Market Trends

Disclaimer:

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 Garden Grove, California rental market.

Garden Grove, California

Average Apartment Rent

$2,377

Y-o-Y Change in Average
Apartment Rent

3.9%

As of November 2024

Compared to a year ago, Garden Grove, California apartments have recorded a 3.9% rent increase.

Garden Grove, California Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Garden Grove $1,979 $2,038 $2,135 $2,240 $2,258 $2,255 $2,288 $2,311 $2,332 $2,377
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Garden Grove
National
Nov 2021
$1,979
$1,596
Mar 2022
$2,038
$1,635
Jul 2022
$2,135
$1,708
Nov 2022
$2,240
$1,726
Mar 2023
$2,258
$1,714
Jul 2023
$2,255
$1,739
Nov 2023
$2,288
$1,733
Mar 2024
$2,311
$1,727
Jul 2024
$2,332
$1,752
Nov 2024
$2,377
$1,748

Garden Grove, California Average Apartment Rent

Garden Grove, California Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 77.87%, apartments priced Over $2,000 represent the bulk of Garden Grove, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.39%.

Garden Grove, California Housing tenure**

Renter occupied housing units 22,144
Owner occupied housing units 26,039

Renters take up 46% of Garden Grove, California real estate, occupying a total of 22,144 units, while homeowners live in 26,039 properties.

Median number of rooms of renter-occupied housing units**

4.1

Renter median household income**

$62,954

Average household size of renter-occupied housing units**

3.43

Rental vacancy rate**

3.5%

Garden Grove, California Renter-occupied housing units by no. of bedrooms**

No bedrooms 1,053
1 bed 5,239
2 beds 8,247
3 beds 4,748
4 beds 2,613
5 or more beds 244

There are 8,247 rentals in Garden Grove, California with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 244 units. Overall, the median number of rooms in Garden Grove, California homes for rent is 4.1.

Garden Grove, California Renter-occupied units by age of householder**

15 - 24 years 715
25 - 34 years 3,504
35 - 44 years 4,332
45 - 54 years 5,677
55 - 59 years 2,362
60 - 64 years 1,435
65 - 74 years 2,176
75 - 84 years 1,241
85 years and over 702

Most condos for rent in Garden Grove, California are occupied by residents in the 45 - 54 years age group (26%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.

Garden Grove, California Renter-occupied housing units by family type**

Family households 16,858
Non-Family Households 5,286

Garden Grove, California Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 8,779
No related children of the householder under 18 13,365

A total of 16,858 apartments for rent in Garden Grove, California, or 76% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 8,779 units. All in all, the median size of a renter-occupied household in Garden Grove, California is 3.43.

Garden Grove, California Renter-occupied housing units by educational attainment**

Less than high school graduate 6,217
High school graduate (including equivalency) 5,121
Some college or associate's degree 6,481
Bachelor's degree or higher 4,325

In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Garden Grove, California.

Garden Grove, California Renter-occupied units by year structure built**

Built 2010 - 2019 515
Built 2000 - 2009 901
Built 1990 - 1999 1,464
Built 1980 - 1989 2,791
Built 1970 - 1979 4,763
Built 1960 - 1969 4,764
Built 1950 - 1959 5,808
Built 1940 - 1949 637
Built 1939 or earlier 426

The highest share of Garden Grove, California apartment rentals, namely 26% or 5,808 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (22%, 4,764 units), and the ones Built 1970 - 1979 (22%, 4,763 units).

Garden Grove, California Renter-occupied units by year householder moved in**

Moved in 2021 or later 1,157
Moved in 2018 to 2020 4,506
Moved in 2010 to 2017 10,180
Moved in 2000 to 2009 4,463
Moved in 1990 to 1999 1,339
Moved in 1989 or earlier 499

Median year renter moved into unit 2014

Most Garden Grove, California renters (46%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Garden Grove, California condos for rent is 2014.

Garden Grove, California Renter-occupied housing units by vehicles available**

No vehicle available 2,072
1 vehicle available 6,747
2 vehicles available 7,757
3 vehicles available 3,295
4 vehicles available 1,627
5 or more vehicles available 646

When it comes to transportation options, 35% of Garden Grove, California renters have 2 vehicles available per household, 30% of them have 1 vehicle available, and 15% have 3 vehicles available.

Garden Grove, California Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 26,986
Car, truck, or van - carpooled 4,910
Public transportation (excluding taxicab) 917
Walked 546
Taxicab, motorcycle, bicycle, or other means 590
Worked at home 2,167

Garden Grove, California Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 68,368
Moved within same county 4,691
Moved from different county within same state 908
Moved from abroad 562

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 Garden Grove, 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

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