Rancho Cordova, 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 Rancho Cordova, California rental market.
Rancho Cordova, California
Average Apartment Rent
$1,820
Y-o-Y Change in Average
Apartment Rent
0.2%
As of November 2024
Compared to a year ago, Rancho Cordova, California apartments have recorded a 0.2% rent increase.
Rancho Cordova, California Average apartment rent trend
Rancho Cordova, California Average Apartment Rent
Rancho Cordova, California Apartment rent ranges
At 57.82%, apartments priced $1,500 - $2,000 represent the bulk of Rancho Cordova, California rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.15%.
Rancho Cordova, California Housing tenure**
Renters take up 42% of Rancho Cordova, California real estate, occupying a total of 11,436 units, while homeowners live in 15,903 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$64,435
Average household size of renter-occupied housing units**
2.83
Rental vacancy rate**
2%
Rancho Cordova, California Renter-occupied housing units by no. of bedrooms**
There are 4,866 rentals in Rancho Cordova, California with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 111 units. Overall, the median number of rooms in Rancho Cordova, California homes for rent is 4.2.
Rancho Cordova, California Renter-occupied units by age of householder**
Most condos for rent in Rancho Cordova, California are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Rancho Cordova, California Renter-occupied housing units by family type**
Rancho Cordova, California Renter-occupied housing units by the presence of own children**
A total of 7,178 apartments for rent in Rancho Cordova, California, or 63% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 4,813 units. All in all, the median size of a renter-occupied household in Rancho Cordova, California is 2.83.
Rancho Cordova, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Rancho Cordova, California.
Rancho Cordova, California Renter-occupied units by year structure built**
The highest share of Rancho Cordova, California apartment rentals, namely 28% or 3,155 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 2,007 units), and the ones Built 1960 - 1969 (14%, 1,575 units).
Rancho Cordova, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Rancho Cordova, California renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rancho Cordova, California condos for rent is 2017.
Rancho Cordova, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Rancho Cordova, California renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 13% have No vehicle available.
Rancho Cordova, California Means of transportation to work of householders living in renter-occupied housing units**
Rancho Cordova, 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 Rancho Cordova, 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
