Mountain View, 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 Mountain View, California rental market.
Mountain View, California
Average Apartment Rent
$3,569
Y-o-Y Change in Average
Apartment Rent
3.6%
As of November 2024
Compared to a year ago, Mountain View, California apartments have recorded a 3.6% rent increase.
Mountain View, California Average apartment rent trend
Mountain View, California Average Apartment Rent
Mountain View, California Apartment rent ranges
At 97.59%, apartments priced Over $2,000 represent the bulk of Mountain View, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.28%.
Mountain View, California Housing tenure**
Renters take up 60% of Mountain View, California real estate, occupying a total of 20,856 units, while homeowners live in 13,660 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$153,279
Average household size of renter-occupied housing units**
2.23
Rental vacancy rate**
9.1%
Mountain View, California Renter-occupied housing units by no. of bedrooms**
There are 7,900 rentals in Mountain View, California with 2 beds making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 343 units. Overall, the median number of rooms in Mountain View, California homes for rent is 3.3.
Mountain View, California Renter-occupied units by age of householder**
Most condos for rent in Mountain View, California are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mountain View, California Renter-occupied housing units by family type**
Mountain View, California Renter-occupied housing units by the presence of own children**
A total of 9,443 apartments for rent in Mountain View, California, or 45% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 4,818 units. All in all, the median size of a renter-occupied household in Mountain View, California is 2.23.
Mountain View, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 74% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Mountain View, California.
Mountain View, California Renter-occupied units by year structure built**
The highest share of Mountain View, California apartment rentals, namely 24% or 5,064 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (21%, 4,357 units), and the ones Built 1980 - 1989 (12%, 2,456 units).
Mountain View, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mountain View, California renters (40%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mountain View, California condos for rent is 2017.
Mountain View, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Mountain View, California renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 10% have No vehicle available.
Mountain View, California Means of transportation to work of householders living in renter-occupied housing units**
Mountain View, 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 Mountain View, 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
