San Fernando, 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 San Fernando, California rental market.
San Fernando, California
Average Apartment Rent
$1,657
Y-o-Y Change in Average
Apartment Rent
1.7%
As of November 2024
Compared to a year ago, San Fernando, California apartments have recorded a 1.7% rent increase.
San Fernando, California Average apartment rent trend
San Fernando, California Average Apartment Rent
San Fernando, California Apartment rent ranges
At 82.35%, apartments priced $1,500 - $2,000 represent the bulk of San Fernando, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.88%.
San Fernando, California Housing tenure**
Renters take up 40% of San Fernando, California real estate, occupying a total of 2,541 units, while homeowners live in 3,788 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,560
Average household size of renter-occupied housing units**
3.54
Rental vacancy rate**
2.5%
San Fernando, California Renter-occupied housing units by no. of bedrooms**
There are 944 rentals in San Fernando, 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 25 units. Overall, the median number of rooms in San Fernando, California homes for rent is 4.
San Fernando, California Renter-occupied units by age of householder**
Most condos for rent in San Fernando, California are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
San Fernando, California Renter-occupied housing units by family type**
San Fernando, California Renter-occupied housing units by the presence of own children**
A total of 2,027 apartments for rent in San Fernando, California, or 80% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 1,148 units. All in all, the median size of a renter-occupied household in San Fernando, California is 3.54.
San Fernando, 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 36% of the homes for rent in San Fernando, California.
San Fernando, California Renter-occupied units by year structure built**
The highest share of San Fernando, California apartment rentals, namely 22% or 564 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (20%, 502 units), and the ones Built 1970 - 1979 (14%, 354 units).
San Fernando, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most San Fernando, California renters (50%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Fernando, California condos for rent is 2014.
San Fernando, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of San Fernando, California renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 12% have No vehicle available.
San Fernando, California Means of transportation to work of householders living in renter-occupied housing units**
San Fernando, 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 San Fernando, 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
