South Gate, 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 South Gate, California rental market.
South Gate, California
Average Apartment Rent
$2,420
Y-o-Y Change in Average
Apartment Rent
24%
As of November 2024
Compared to a year ago, South Gate, California apartments have recorded a 24% rent increase.
South Gate, California Average apartment rent trend
South Gate, California Average Apartment Rent
South Gate, California Apartment rent ranges
At 71.73%, apartments priced Over $2,000 represent the bulk of South Gate, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 28.27%.
South Gate, California Housing tenure**
Renters take up 55% of South Gate, California real estate, occupying a total of 13,215 units, while homeowners live in 10,705 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$52,119
Average household size of renter-occupied housing units**
3.47
Rental vacancy rate**
1.5%
South Gate, California Renter-occupied housing units by no. of bedrooms**
There are 5,235 rentals in South Gate, California with 1 bed making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 77 units. Overall, the median number of rooms in South Gate, California homes for rent is 3.7.
South Gate, California Renter-occupied units by age of householder**
Most condos for rent in South Gate, California are occupied by residents in the 45 - 54 years age group (25%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
South Gate, California Renter-occupied housing units by family type**
South Gate, California Renter-occupied housing units by the presence of own children**
A total of 10,418 apartments for rent in South Gate, California, or 79% of all rentals are family households. Additionally, 50% of rental homes include children under the age of 18 – that’s 6,596 units. All in all, the median size of a renter-occupied household in South Gate, California is 3.47.
South Gate, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 9% of the rental market. In contrast, residents with less than a high school degree reside in 43% of the homes for rent in South Gate, California.
South Gate, California Renter-occupied units by year structure built**
The highest share of South Gate, California apartment rentals, namely 19% or 2,538 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (16%, 2,151 units), and the ones Built 1940 - 1949 (16%, 2,105 units).
South Gate, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most South Gate, California renters (49%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their South Gate, California condos for rent is 2013.
South Gate, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of South Gate, California renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 13% have 3 vehicles available.
South Gate, California Means of transportation to work of householders living in renter-occupied housing units**
South Gate, 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 South Gate, 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
