Mill Valley, 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 Mill Valley, California rental market.
Mill Valley, California
Average Apartment Rent
$3,168
Y-o-Y Change in Average
Apartment Rent
7.4%
As of November 2024
Compared to a year ago, Mill Valley, California apartments have recorded a 7.4% rent increase.
Mill Valley, California Average apartment rent trend
Mill Valley, California Average Apartment Rent
Mill Valley, California Apartment rent ranges
At 97.7%, apartments priced Over $2,000 represent the bulk of Mill Valley, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.3%.
Mill Valley, California Housing tenure**
Renters take up 34% of Mill Valley, California real estate, occupying a total of 1,893 units, while homeowners live in 3,699 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$140,990
Average household size of renter-occupied housing units**
2.1
Rental vacancy rate**
3.3%
Mill Valley, California Renter-occupied housing units by no. of bedrooms**
There are 700 rentals in Mill Valley, California with 1 bed making up the highest share of the market, at 37%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 55 units. Overall, the median number of rooms in Mill Valley, California homes for rent is 4.
Mill Valley, California Renter-occupied units by age of householder**
Most condos for rent in Mill Valley, California are occupied by residents in the 35 - 44 years age group (28%), followed by those in the 45 - 54 years age group (23%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Mill Valley, California Renter-occupied housing units by family type**
Mill Valley, California Renter-occupied housing units by the presence of own children**
A total of 961 apartments for rent in Mill Valley, California, or 51% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 438 units. All in all, the median size of a renter-occupied household in Mill Valley, California is 2.1.
Mill Valley, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 76% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Mill Valley, California.
Mill Valley, California Renter-occupied units by year structure built**
The highest share of Mill Valley, California apartment rentals, namely 27% or 506 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (17%, 318 units), and the ones Built 1960 - 1969 (16%, 297 units).
Mill Valley, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Mill Valley, California renters (44%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mill Valley, California condos for rent is 2014.
Mill Valley, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Mill Valley, California renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 10% have No vehicle available.
Mill Valley, California Means of transportation to work of householders living in renter-occupied housing units**
Mill Valley, 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 Mill Valley, 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
