Los Banos, 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 Los Banos, California rental market.
Los Banos, California
Average Apartment Rent
$1,395
Y-o-Y Change in Average
Apartment Rent
-9.8%
As of November 2024
Compared to a year ago, Los Banos, California apartments have recorded a -9.8% rent decrease.
Los Banos, California Average apartment rent trend
Los Banos, California Average Apartment Rent
Los Banos, California Housing tenure**
Renters take up 42% of Los Banos, California real estate, occupying a total of 5,158 units, while homeowners live in 7,178 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$57,805
Average household size of renter-occupied housing units**
3.66
Los Banos, California Renter-occupied housing units by no. of bedrooms**
There are 2,463 rentals in Los Banos, California with 3 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (4%), amounting to 197 units. Overall, the median number of rooms in Los Banos, California homes for rent is 5.
Los Banos, California Renter-occupied units by age of householder**
Most condos for rent in Los Banos, California are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (26%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Los Banos, California Renter-occupied housing units by family type**
Los Banos, California Renter-occupied housing units by the presence of own children**
A total of 3,918 apartments for rent in Los Banos, California, or 76% of all rentals are family households. Additionally, 60% of rental homes include children under the age of 18 – that’s 3,075 units. All in all, the median size of a renter-occupied household in Los Banos, California is 3.66.
Los Banos, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Los Banos, California.
Los Banos, California Renter-occupied units by year structure built**
The highest share of Los Banos, California apartment rentals, namely 27% or 1,414 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (20%, 1,025 units), and the ones Built 2000 - 2009 (13%, 681 units).
Los Banos, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Los Banos, California renters (57%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Los Banos, California condos for rent is 2016.
Los Banos, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Los Banos, California renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 14% have 3 vehicles available.
Los Banos, California Means of transportation to work of householders living in renter-occupied housing units**
Los Banos, 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 Los Banos, 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
