Laguna Beach, 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 Laguna Beach, California rental market.
Laguna Beach, California
Average Apartment Rent
$2,823
Y-o-Y Change in Average
Apartment Rent
-24.9%
As of November 2024
Compared to a year ago, Laguna Beach, California apartments have recorded a -24.9% rent decrease.
Laguna Beach, California Average apartment rent trend
Laguna Beach, California Average Apartment Rent
Laguna Beach, California Housing tenure**
Renters take up 33% of Laguna Beach, California real estate, occupying a total of 3,472 units, while homeowners live in 7,146 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$97,030
Average household size of renter-occupied housing units**
1.81
Rental vacancy rate**
7.7%
Laguna Beach, California Renter-occupied housing units by no. of bedrooms**
There are 1,285 rentals in Laguna Beach, 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 26 units. Overall, the median number of rooms in Laguna Beach, California homes for rent is 3.9.
Laguna Beach, California Renter-occupied units by age of householder**
Most condos for rent in Laguna Beach, California are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Laguna Beach, California Renter-occupied housing units by family type**
Laguna Beach, California Renter-occupied housing units by the presence of own children**
A total of 1,200 apartments for rent in Laguna Beach, California, or 35% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 583 units. All in all, the median size of a renter-occupied household in Laguna Beach, California is 1.81.
Laguna Beach, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 59% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Laguna Beach, California.
Laguna Beach, California Renter-occupied units by year structure built**
The highest share of Laguna Beach, California apartment rentals, namely 19% or 659 units, were Built 1950 - 1959, followed by those Built 1939 or earlier (17%, 583 units), and the ones Built 1960 - 1969 (17%, 576 units).
Laguna Beach, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Laguna Beach, California renters (35%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Laguna Beach, California condos for rent is 2016.
Laguna Beach, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Laguna Beach, California renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 8% have 3 vehicles available.
Laguna Beach, California Means of transportation to work of householders living in renter-occupied housing units**
Laguna Beach, 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 Laguna Beach, 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
