Santa Maria, 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 Maria, California rental market.
Santa Maria, California
Average Apartment Rent
$2,360
Y-o-Y Change in Average
Apartment Rent
-0.1%
As of November 2024
Compared to a year ago, Santa Maria, California apartments have recorded a -0.1% rent decrease.
Santa Maria, California Average apartment rent trend
Santa Maria, California Average Apartment Rent
Santa Maria, California Apartment rent ranges
At 71.99%, apartments priced Over $2,000 represent the bulk of Santa Maria, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.88%.
Santa Maria, California Housing tenure**
Renters take up 49% of Santa Maria, California real estate, occupying a total of 14,028 units, while homeowners live in 14,710 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$60,786
Average household size of renter-occupied housing units**
4.07
Rental vacancy rate**
2.6%
Santa Maria, California Renter-occupied housing units by no. of bedrooms**
There are 4,969 rentals in Santa Maria, California with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 122 units. Overall, the median number of rooms in Santa Maria, California homes for rent is 4.2.
Santa Maria, California Renter-occupied units by age of householder**
Most condos for rent in Santa Maria, California are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Santa Maria, California Renter-occupied housing units by family type**
Santa Maria, California Renter-occupied housing units by the presence of own children**
A total of 11,014 apartments for rent in Santa Maria, California, or 79% of all rentals are family households. Additionally, 58% of rental homes include children under the age of 18 – that’s 8,158 units. All in all, the median size of a renter-occupied household in Santa Maria, California is 4.07.
Santa Maria, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 43% of the homes for rent in Santa Maria, California.
Santa Maria, California Renter-occupied units by year structure built**
The highest share of Santa Maria, California apartment rentals, namely 23% or 3,198 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (14%, 1,903 units), and the ones Built 1980 - 1989 (13%, 1,783 units).
Santa Maria, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Santa Maria, California renters (48%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Santa Maria, California condos for rent is 2015.
Santa Maria, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 35% of Santa Maria, California renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 15% have 3 vehicles available.
Santa Maria, California Means of transportation to work of householders living in renter-occupied housing units**
Santa Maria, 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 Maria, 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
