Goleta, 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 Goleta, California rental market.
Goleta, California
Average Apartment Rent
$3,384
Y-o-Y Change in Average
Apartment Rent
7.3%
As of July 2024
Compared to a year ago, Goleta, California apartments have recorded a 7.3% rent increase.
Goleta, California |Average apartment rent trend
Goleta, California| Average apartment rent
Goleta, California | Apartment rent ranges
At 86.57%, apartments priced Over $2,000 represent the bulk of Goleta, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.43%.
Goleta, California | Housing tenure**
Renters take up 49% of Goleta, California real estate, occupying a total of 5,823 units, while homeowners live in 6,115 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$87,644
Average household size of renter-occupied housing units**
2.6
Rental vacancy rate**
2.4%
Goleta, California | Renter-occupied housing units by no. of bedrooms**
There are 1,866 rentals in Goleta, California with 1 bed making up the highest share of the market, at 32%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 61 units. Overall, the median number of rooms in Goleta, California homes for rent is 3.6.
Goleta, California |Renter-occupied units by age of householder**
Most condos for rent in Goleta, California are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 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 – 3%.
Goleta, California | Renter-occupied housing units by family type**
Goleta, California | Renter-occupied housing units by the presence of own children**
A total of 2,829 apartments for rent in Goleta, California, or 49% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 1,464 units. All in all, the median size of a renter-occupied household in Goleta, California is 2.6.
Goleta, 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 13% of the homes for rent in Goleta, California.
Goleta, California | Renter-occupied units by year structure built**
The highest share of Goleta, California apartment rentals, namely 29% or 1,666 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 1,026 units), and the ones Built 2000 - 2009 (13%, 730 units).
Goleta, California | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Goleta, California renters (39%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Goleta, California condos for rent is 2017.
Goleta, California | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of Goleta, California renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 10% have 3 vehicles available.
Goleta, California | Means of transportation to work of householders living in renter-occupied housing units**
Goleta, California |Geographical mobility in the past year for householders living in renter-occupied housing units**
Goleta, California | Average apartment rent by zip codes
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 Goleta, 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
