Signal Hill, 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 Signal Hill, California rental market.
Signal Hill, California
Average Apartment Rent
$2,560
Y-o-Y Change in Average
Apartment Rent
2.9%
As of November 2024
Compared to a year ago, Signal Hill, California apartments have recorded a 2.9% rent increase.
Signal Hill, California Average apartment rent trend
Signal Hill, California Average Apartment Rent
Signal Hill, California Housing tenure**
Renters take up 47% of Signal Hill, California real estate, occupying a total of 2,165 units, while homeowners live in 2,398 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$76,414
Average household size of renter-occupied housing units**
2.79
Rental vacancy rate**
9.3%
Signal Hill, California Renter-occupied housing units by no. of bedrooms**
There are 884 rentals in Signal Hill, California with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 41 units. Overall, the median number of rooms in Signal Hill, California homes for rent is 3.9.
Signal Hill, California Renter-occupied units by age of householder**
Most condos for rent in Signal Hill, California are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 45 - 54 years age group (25%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Signal Hill, California Renter-occupied housing units by family type**
Signal Hill, California Renter-occupied housing units by the presence of own children**
A total of 1,216 apartments for rent in Signal Hill, California, or 56% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 822 units. All in all, the median size of a renter-occupied household in Signal Hill, California is 2.79.
Signal Hill, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Signal Hill, California.
Signal Hill, California Renter-occupied units by year structure built**
The highest share of Signal Hill, California apartment rentals, namely 26% or 553 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (15%, 330 units), and the ones Built 1980 - 1989 (13%, 291 units).
Signal Hill, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Signal Hill, California renters (51%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Signal Hill, California condos for rent is 2014.
Signal Hill, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Signal Hill, California renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 9% have 3 vehicles available.
Signal Hill, California Means of transportation to work of householders living in renter-occupied housing units**
Signal Hill, 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 Signal Hill, 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
