Santa Fe Springs City, 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 Santa Fe Springs City, California rental market.
Santa Fe Springs City, California
Average Apartment Rent
$2,506
Y-o-Y Change in Average
Apartment Rent
4.3%
As of November 2024
Compared to a year ago, Santa Fe Springs City, California apartments have recorded a 4.3% rent increase.
Santa Fe Springs City, California Average apartment rent trend
Santa Fe Springs City, California Average Apartment Rent
Santa Fe Springs City, California Housing tenure**
Renters take up 38% of Santa Fe Springs City, California real estate, occupying a total of 2,145 units, while homeowners live in 3,555 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$52,330
Average household size of renter-occupied housing units**
2.92
Rental vacancy rate**
3.2%
Santa Fe Springs City, California Renter-occupied housing units by no. of bedrooms**
There are 711 rentals in Santa Fe Springs City, California with 1 bed making up the highest share of the market, at 33%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 20 units. Overall, the median number of rooms in Santa Fe Springs City, California homes for rent is 3.8.
Santa Fe Springs City, California Renter-occupied units by age of householder**
Most condos for rent in Santa Fe Springs City, California are occupied by residents in the 25 - 34 years age group (19%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Santa Fe Springs City, California Renter-occupied housing units by family type**
Santa Fe Springs City, California Renter-occupied housing units by the presence of own children**
A total of 1,192 apartments for rent in Santa Fe Springs City, California, or 56% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 708 units. All in all, the median size of a renter-occupied household in Santa Fe Springs City, California is 2.92.
Santa Fe Springs City, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 21% of the homes for rent in Santa Fe Springs City, California.
Santa Fe Springs City, California Renter-occupied units by year structure built**
The highest share of Santa Fe Springs City, California apartment rentals, namely 22% or 471 units, were Built 1960 - 1969, followed by those Built 1980 - 1989 (17%, 368 units), and the ones Built 1950 - 1959 (16%, 351 units).
Santa Fe Springs City, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Santa Fe Springs City, California renters (42%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Santa Fe Springs City, California condos for rent is 2015.
Santa Fe Springs City, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Santa Fe Springs City, California renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 16% have No vehicle available.
Santa Fe Springs City, California Means of transportation to work of householders living in renter-occupied housing units**
Santa Fe Springs City, 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 Santa Fe Springs City, 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
