San Marcos, 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 Marcos, California rental market.
San Marcos, California
Average Apartment Rent
$2,734
Y-o-Y Change in Average
Apartment Rent
3.3%
As of November 2024
Compared to a year ago, San Marcos, California apartments have recorded a 3.3% rent increase.
San Marcos, California Average apartment rent trend
San Marcos, California Average Apartment Rent
San Marcos, California Apartment rent ranges
At 93.24%, apartments priced Over $2,000 represent the bulk of San Marcos, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 6.76%.
San Marcos, California Housing tenure**
Renters take up 38% of San Marcos, California real estate, occupying a total of 11,607 units, while homeowners live in 18,896 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$63,697
Average household size of renter-occupied housing units**
2.98
Rental vacancy rate**
4%
San Marcos, California Renter-occupied housing units by no. of bedrooms**
There are 5,078 rentals in San Marcos, California with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 213 units. Overall, the median number of rooms in San Marcos, California homes for rent is 4.2.
San Marcos, California Renter-occupied units by age of householder**
Most condos for rent in San Marcos, California are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
San Marcos, California Renter-occupied housing units by family type**
San Marcos, California Renter-occupied housing units by the presence of own children**
A total of 7,399 apartments for rent in San Marcos, California, or 64% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 4,667 units. All in all, the median size of a renter-occupied household in San Marcos, California is 2.98.
San Marcos, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in San Marcos, California.
San Marcos, California Renter-occupied units by year structure built**
The highest share of San Marcos, California apartment rentals, namely 21% or 2,444 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (20%, 2,276 units), and the ones Built 1970 - 1979 (18%, 2,113 units).
San Marcos, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most San Marcos, California renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Marcos, California condos for rent is 2016.
San Marcos, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of San Marcos, California renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 12% have 3 vehicles available.
San Marcos, California Means of transportation to work of householders living in renter-occupied housing units**
San Marcos, 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 Marcos, 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
