Pico Rivera, 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 Pico Rivera, California rental market.
Pico Rivera, California
Average Apartment Rent
$1,981
Y-o-Y Change in Average
Apartment Rent
3.7%
As of November 2024
Compared to a year ago, Pico Rivera, California apartments have recorded a 3.7% rent increase.
Pico Rivera, California Average apartment rent trend
Pico Rivera, California Average Apartment Rent
Pico Rivera, California Apartment rent ranges
At 42.8%, apartments priced Over $2,000 represent the bulk of Pico Rivera, California rentals, while condos priced $700 - $1000 hold the lowest share of the market – 6.26%.
Pico Rivera, California Housing tenure**
Renters take up 31% of Pico Rivera, California real estate, occupying a total of 5,188 units, while homeowners live in 11,477 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$53,738
Average household size of renter-occupied housing units**
3.33
Rental vacancy rate**
1.8%
Pico Rivera, California Renter-occupied housing units by no. of bedrooms**
There are 1,691 rentals in Pico Rivera, California with 1 bed making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 37 units. Overall, the median number of rooms in Pico Rivera, California homes for rent is 3.7.
Pico Rivera, California Renter-occupied units by age of householder**
Most condos for rent in Pico Rivera, California are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Pico Rivera, California Renter-occupied housing units by family type**
Pico Rivera, California Renter-occupied housing units by the presence of own children**
A total of 3,730 apartments for rent in Pico Rivera, California, or 72% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 2,105 units. All in all, the median size of a renter-occupied household in Pico Rivera, California is 3.33.
Pico Rivera, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Pico Rivera, California.
Pico Rivera, California Renter-occupied units by year structure built**
The highest share of Pico Rivera, California apartment rentals, namely 27% or 1,377 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (24%, 1,231 units), and the ones Built 1970 - 1979 (14%, 714 units).
Pico Rivera, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most Pico Rivera, California renters (52%) moved in 2010 to 2017, while only 5% of them moved in 2021 or later. Overall, the median year renters have occupied their Pico Rivera, California condos for rent is 2013.
Pico Rivera, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 33% of Pico Rivera, California renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 18% have 3 vehicles available.
Pico Rivera, California Means of transportation to work of householders living in renter-occupied housing units**
Pico Rivera, 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 Pico Rivera, 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
